Bank of Maldives Plc Ltd

Bank of Maldives (BML) has announced the launch of a new home financing facility designed for employees in the tourism sector who earn income in US dollars. The product offers one of the lowest home financing rates available in the country at 7.5% per annum, excluding the Hiyaavehi financing scheme, providing tourism sector workers with […]

Bank of Maldives (BML) recorded a net profit after tax of MVR 631 million for the first quarter of 2026, reflecting a 27% increase compared to the same period last year, according to its latest financial results. The bank’s performance was supported by growth in core banking operations, alongside improvements in asset quality and cost […]

Bank of Maldives (BML) has announced a two-year partnership with WeRun Maldives to support their premier corporate relay race, reinforcing the Bank’s commitment to promoting wellness, teamwork, and inclusive participation within the corporate community. Through this partnership, the Bank will support the organization and development of the event over the next two years, with the […]

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 […]