BML Academy partners with INCEIF University to strengthen professional development
Bank of Maldives Academy has established a strategic partnership with INCEIF University to expand access to globally recognised professional development opportunities for BML employees. The partnership will provide Bank employees with access to INCEIF University’s internationally recognised programmes in Islamic finance, executive education, professional certifications, and specialised training. It will also create opportunities for knowledge […]
Bank of Maldives expands Kiyavaa Loan with dollar financing option
Bank of Maldives (BML) on Sunday announced financing in US dollars for Maldivians to pursue professional qualifications as well as make fee payments associated with professional qualifications, as an enhancement to its Kiyavaa Loan product. This is an unsecured financing option for eligible professional qualifications, eliminating the need for collateral. Financing under this option will […]
BML’s financial strength and national reach make it central to Maldives economy: Shareef
Bank of Maldives (BML) plays a central role in financing businesses, supporting national infrastructure and providing access to financial services across the country, its Managing Director and Chief Executive Officer Mohamed Shareef has said. Speaking at the opening ceremony of the Youth Entrepreneurs Expo 2026 at Barceló Nasandhura on Wednesday, Shareef said the bank’s position […]
BML enables international payments through Swipe IBAN accounts
Bank of Maldives has highlighted the International Accounts capability available on its digital wallet, Swipe. Maldivian customers can open an International Account with a unique International Bank Account Number (IBAN), enabling them to seamlessly receive funds from bank accounts abroad. International Account services are available in USD, EUR, and GBP, giving customers the flexibility to […]
New BML facility gives young Maldivians up to MVR 150,000 to start businesses
Bank of Maldives (BML), in collaboration with SME Digital, has introduced the Youth Entrepreneurship Financing facility designed to enable young Maldivians to establish micro and small enterprises and convert innovative ideas into sustainable businesses. The financing facility was officially launched by President Dr Mohamed Muizzu at the Youth Entrepreneurs Expo, which opened Wednesday. This unsecured […]
Bank of Maldives opens seven new branches across the country
Bank of Maldives (BML) has opened seven branches, reinforcing its commitment to expanding access to banking services across the Maldives. The branches were formally inaugurated Wednesday morning President Dr Mohamed Muizzu. The newly opened branches are located in: HA. Hoarafushi Sh. Kanditheemu R. Alifushi Lh. Hinnavaru ADh. Maamigili L. Maavah GA. Gemanafushi With this expansion, […]
BML dollar sales rise 77% over two and a half years
Bank of Maldives (BML) says it has sold a record volume of US dollars to customers over the past two and a half years, with total foreign currency sales increasing by 77% compared with the previous two-and-a-half-year period. The bank said it sold an additional USD 741 million between January 2024 and June 2026, compared […]
BML, Mastercard launch promotion with MVR 100,000 in cash prizes
Bank of Maldives (BML), in partnership with Mastercard, has launched a promotion offering a total of MVR 100,000 in cash prizes for customers who apply for a new BML Mastercard Debit Card. The promotion will run until the end of next month. Customers who obtain a new BML Mastercard Debit Card during the promotional period […]
BML CEO says ‘invisible’ payments will shape Maldives’ financial future
Bank of Maldives (BML) Chief Executive Officer and Managing Director Mohamed Shareef says the country’s financial system is expected to move towards an “invisible” payment model over the next five years, with transactions taking place seamlessly in the background. Speaking during a panel discussion at the Maldives Financial Forum last Thursday, Shareef said the next […]
BML offers merchants up to MVR 2 million in financing within 5 days
Bank of Maldives (BML) has announced key enhancements to its Advance Merchant Settlement facility, reaffirming the Bank’s commitment to helping businesses across the Maldives grow with more accessible financing. Merchants can now benefit from a simplified application process and reduced documentation, with applications processed within just five working days, down from previous turnaround times. In […]
BML launches SplitPay to offer flexible instalment payments
Bank of Maldives has introduced BML SplitPay, a new installment payment solution that gives credit cardholders greater flexibility and control over their spending. For any purchase above MVR 1,500, customers can choose to pay the total amount in installments within a period ranging from 3 to 24 months, helping them better plan and manage higher-value […]
BML recognised for digital finance and sustainable finance
Bank of Maldives (BML) received two awards at the Maldives Financial Sector Awards held on Wednesday evening. The awards, presented by the Maldives Monetary Authority (MMA), recognised the bank’s work in digital banking and sustainable finance. BML received: Excellence in Digital Finance and Innovation, recognising its contribution to the development of digital banking services and […]
