BML funds Atmosphere Core, Alia project as Maldives’ first Shari’ah compliant resort financing
Bank of Maldives (BML) Islamic has announced its first fully funded Shari’ah-compliant corporate financing facility to support the development of a luxury resort at Kasanfaru Lagoon in Kaafu Atoll, marking a major milestone in the expansion of Islamic finance in the country. The 5-star, 118 room resort is being developed by Sentoric Island Pvt Ltd, […]
BML launches Green Resort Financing with MVR 50m overdraft, 6.5% interest
Bank of Maldives has launched its Green Resort Financing, a facility designed to support resort investments in sustainable practices. Chairman of Crown and Champa Resorts, Hussain Afeef joined the Bank’s CEO and Managing Director Mohamed Shareef to launch the new financing facility during the Maldives Association of Tourism Industry’s (MATI) Annual General Meeting held Sunday. […]
Maldives begins accepting India’s RuPay card payment network
India’s card payment network, RuPay, has been launched in Maldives. RuPay was introduced in Maldives virtually at a ceremony held in New Delhi on Monday during President Mohamed Muizzu’s visit to India. President Muizzu, in a joint statement with Indian Prime Minister Narendra Modi, said the introduction of the RuPay in Maldives would greatly facilitate […]
Good news for the tourism sector: BML offers short-term financing in the face of COVID-19
Due to the uncertainty in facing the Coronavirus (COVID-19) outbreak globally and to mitigate the risks to the industry, the Bank of Maldives, together with the Ministry of Tourism and the Maldives Association of Tourism Industry (MATI), has announced short-term financing solution to support the tourism sector. The financing solution allows operational resorts and guesthouses […]
Timothy Sawyer, CEO and Managing Director, Bank of Maldives
Hotelier Maldives had an exclusive interview with Timothy Sawyer, who was appointed as the Chief Executive Officer and Managing Director of Bank of Maldives Plc (BML) in July, 2019. In his interview, Tim talked about the current trends within the Maldivian banking sector and how Bank of Maldives managed to maintain its status as the […]
Bank of Maldives Appoints New CEO
Bank of Maldives has announced the appointment of Timothy Sawyer as its new Chief Executive Officer. Tim has over 30 years of international experience in financial services, including 20 years at Executive and Board level. He joins Bank of Maldives from his position as the Chief Investment Officer at Innovate UK, the investment arm of […]
Bank of Maldives appoints new Corporate Banking Director
Bank of Maldives (BML) has appointed Kuldip Paliwal as Corporate Banking Director.
BML reports lending increases on the back of strong financial performance
Bank of Maldives’ financial results for this year’s Q2 show the bank continuing its positive performance, with a profit after tax of MVR115 million, an increase of 4% over the previous quarter. Moreover, the profits from the first half of 2015 are up 31% on that of the previous year.
BML’s profit for the past quarter totals MVR110 million
Bank of Maldives (BML) has generated 110 million rufiyaa as profit during the first quarter of the year.
Reethi Beach Resort Sold
Bank of Maldives (BML) has sold Reethi Beach resort in Baa Atoll. The resort, which is operated on Fonimagoodhoo, was sold to RBRM Private Limited, according to a press release issued by the bank today.
