Bank of Maldives Plc Ltd

Bank of Maldives (BML) has announced its partnership with Special Olympics Maldives (SOM), aimed at supporting inclusivity in sports across the Maldives. The initiative reflects the Bank’s continued focus on promoting equal opportunities and participation in the community. Under this partnership, the Bank will support SOM’s training, health initiatives, family engagement, leadership programmes, and international […]

Bank of Maldives has announced a significant reduction in the equity requirement for its Home Construction Financing, lowering minimum own contribution to just 5% for projects valued up to MVR 3 million. This change marks a substantial decrease from the 20% equity requirement and is intended to enhance accessibility for home construction across the country. […]

The Bank of Maldives (BML) has announced the recipient of its Sports Scholarship programme. The scholarship has been awarded to Sayyid Salahuddin for surfing. Under the programme, Salahuddin will undertake training in China, the Philippines and Indonesia. He is also scheduled to participate in a surfing competition in Australia. The scholarship includes support for equipment […]

Bank of Maldives (BML) has supported the development of a Sensory classroom named “IWonder” at Aminiya School as part of its ongoing efforts to support various sectors of the community. More than 170 students study at the SEN classes at Aminiya School. The classroom was developed as a suitable environment for students to learn. Under […]

Bank of Maldives (BML) has said it continued lending to the tourism sector, with new loans amounting to USD 365 million from 2024 to the current period. In a statement issued to clarify its position on United States dollar exposure and liquidity management, the bank said the tourism sector remained the largest segment receiving new […]

Bank of Maldives (BML) has said its Net Open Position (NOP) in United States dollars, which had deteriorated from December 2020, was restored to positive levels during the course of last year and again more recently. In a statement, the bank said the NOP in US dollars had reached a short position of 20 per […]

Bank of Maldives (BML) has inaugurated six new branches across the Maldives as part of an expansion of its service network. The branches were opened on Wednesday at a ceremony attended by President Mohamed Muizzu, Chairperson Ahmed Ali Habeeb, Chief Executive Officer and Managing Director Mohamed Shareef, and other bank officials. The new branches are […]

Bank of Maldives (BML) has launched 90 new ATMs, including 70 machines dispensing US dollars, at a ceremony held on Wednesday. The ATMs were inaugurated by President Mohamed Muizzu. The event was attended by Chairperson Ahmed Ali Habeeb, Chief Executive Officer and Managing Director Mohamed Shareef, and other officials of the bank. The bank installed […]

Bank of Maldives (BML) on Monday reaffirmed its continued commitment to supporting the country’s tourism industry, following recent statements by the Minister of Tourism and Environment regarding financial assistance extended to the sector. Minister of Tourism Ibrahim Thoriq on Sunday announced that BML will provide financial facilities to resorts facing operational challenges linked to the […]

Bank of Maldives (BML) shareholders have approved a record dividend payout of MVR 60 per share for the year of 2025, amounting to a total of MVR 322,915,200 at the Bank’s Annual General Meeting (AGM) held Saturday night. The shareholders also approved issuance of two bonus shares for every one existing share held, as part […]

Following the most successful year for Bank of Maldives (BML) in its 43-year history, CEO and Managing Director Mohamed Shareef addressed shareholders at its Annual General Meeting held last night, outlining the Bank’s historic achievements, strategic expansion, continued digital transformation and sustained support for customers and communities. The Bank recorded a Profit After Tax of […]