MINDCo, Bank of Maldives partner to establish AI centre
Maldives Innovation and Digital Company (MINDCo) and Bank of Maldives (BML) have signed a Memorandum of Understanding (MoU) to collaborate on the establishment of an AI and Data Competency Centre, a flagship national initiative under President Dr Mohamed Muizzu’s Maldives 2.0 Digital Transformation agenda. The establishment of the AI and Data Competency Centre reflects President […]
Bank of Maldives opens registration for Swipe’s limited release
Bank of Maldives has opened invitations for Swipe’s limited release, offering customers early access to the 100% Maldivian-developed digital wallet designed for seamless international and domestic payments. The first 5,000 customers registered through swipe.mv will be invited to use Swipe during the limited release. Once successfully registered, Swipe customers will be able to use core […]
Bank of Maldives opens new branch in Kudahuvadhoo
Bank of Maldives (BML) has officially opened its new branch in Dh. Kudahuvadhoo, reaffirming the Bank’s commitment to enhancing banking accessibility and supporting economic growth across the atolls. The new branch was inaugurated in a ceremony held Saturday on the island, attended by Minister of Finance and Planning, Moosa Zameer, as well as CEO and […]
Bank of Maldives establishes ATM service in Thilafushi
Bank of Maldives (BML) has further strengthened its nationwide ATM network with the establishment of a new self-service banking ATM in K. Thilafushi. The inauguration ceremony was attended by Minister of Economic Development and Trade, Mohamed Saeed, as well as CEO and Managing Director Mohamed Shareef and senior officials of the Bank. Bank of Maldives […]
Bank of Maldives reports record income and profit growth in 2025
Bank of Maldives (BML) on Thursday reported strong results for the fourth quarter of 2025 with Operating Profit of MVR 828.7 million. Net Profit for the quarter amounted to MVR 837.5 million, reflecting a 76.2% quarter-on-quarter increase. Unaudited results for the year 2025 show the Bank’s gross income exceeding MVR 5.5 billion, reflecting a 16.1% […]
BML to increase overseas credit card limits from February
Bank of Maldives (BML) has announced that it will revise overseas transaction limits on credit cards from next month. President Mohamed Muizzu announced in September that the foreign currency limit on credit cards would be increased starting next month. In a statement issued on social media on Wednesday, the bank said the overseas transaction limits […]
BML subsidiary begins construction for 5 housing projects
BML Affordable Home Leasing Company Pvt Ltd has officially commenced construction of its five affordable housing projects. This was marked Tuesday at a ceremony held in Hulhumale, signaling a major milestone in the implementation of the Maldives Monetary Authority’s (MMA) Inclusive National Affordable Housing Scheme (INAH). The ceremony was attended by the Minister of Construction, […]
BML completes 5 staff-led community projects under Islamic impact grant
Bank of Maldives (BML) has announced the completion of five staff-led projects under BML Islamic’s Community Impact Grant, with two additional projects ongoing. This grant was opened for BML staff on the occasion of BML Islamic’s 10th Anniversary in 2025, with the aim of strengthening the connection with local communities. Under this grant, staff partnered […]
Bank of Maldives enables bulk payment services for businesses
Bank of Maldives has enabled its Bulk Payment services for businesses to conveniently process large-scale payments in bulk, including salaries, allowances and dividends. Designed to improve efficiency, the service allows businesses to adopt and benefit from automated bulk payments in both MVR and USD directly to multiple BML accounts. Commenting on the service, the Bank’s […]
BML supports MOMS Aid with MVR 100,000 donation for Back to School drive
Bank of Maldives (BML) has donated MVR 100,000 to support MOMS Aid’s “Back to School” campaign. This initiative provides essential supplies for students from financially vulnerable families for the upcoming school year. The donation will help students from the NGO’s care list. Bank of Maldives has supported MOMS Aid’s initiatives over the years, including a […]
BML partners with AICB to introduce chartered banking training
Bank of Maldives (BML) and the Asian Institute of Chartered Bankers (AICB) have signed an agreement to support the development of the banking sector in the Maldives. The agreement was signed by BML Chief Executive Officer Mohamed Shareef and AICB Chief Executive Edward Ling. Under the agreement, training opportunities will be introduced in the field […]
BML Visa cardholders stand chance to win trip to FIFA World Cup 26 final
Bank of Maldives has launched a promotion, offering fans a chance to win the opportunity to win an unforgettable experience to watch the final match of the FIFA World Cup 26™, courtesy of Visa. The promotion is open exclusively to BML Visa cardholders. The promotion is valid from 18th January to 15th April 2026. To […]
