Closing the payment gap: Bank of Maldives’ Swipe and the guest experience
A couple on an island excursion find a handicraft they want to take home. In the scenario Ahmed Hizaam Khaleel put to general managers, the sale falls through for a simple reason: the craftsperson accepts only cash, while the visitors have a credit card and a phone. The guests leave without buying. For Khaleel, the […]
BML expects dollar inflows to strengthen as Maldives enters peak tourism season
Bank of Maldives (BML) expects foreign currency inflows to strengthen during the final quarter of 2026 as the Maldives approaches its peak tourism season, following a seasonal decline in US dollar receipts during September. According to the bank’s third-quarter report released on Thursday, foreign currency inflows totalled USD 240 million in September, approximately 27% below […]
BML provides $722 million to customers in nine months as foreign currency demand grows
Bank of Maldives (BML) has made USD 722.1 million in foreign currency available to customers against Maldivian Rufiyaa during the first nine months of 2026, nearly matching the USD 733.8 million provided throughout the whole of 2025. According to the bank’s third-quarter financial report released on Thursday, the monthly average of foreign currency provided to […]
BML disburses record MVR 12.1 billion in new loans in first nine months of 2026
Bank of Maldives (BML) has disbursed MVR 12.1 billion in new loans during the first nine months of 2026, exceeding the total value of loans disbursed throughout 2025, according to its third-quarter financial report released on Thursday. The bank said the record level of lending reflected its continued expansion of financing to key sectors of […]
BML records highest-ever nine-month profit of MVR 1.93 billion
Bank of Maldives (BML) has recorded its highest-ever profit for the first nine months of a year, reporting a profit after tax of MVR 1.93 billion for the period ended 30 September 2026, an increase of 26% compared to MVR 1.53 billion during the corresponding period last year. According to the bank’s third-quarter financial results […]
BML supports mental health rehabilitation programme in Hulhumalé
Bank of Maldives (BML) has supported the Maldivian Nurses Association (MNA) to deliver the Zaytun mental health rehabilitation programme in Hulhumalé Phase 2 through the BML Bank Fund. The programme focuses on supporting individuals undergoing mental health rehabilitation and their families, developing life and coping skills, promoting social reintegration and increasing community awareness to reduce […]
BML sets monthly US dollar ATM withdrawal limit at $3,500
Bank of Maldives (BML) has set a monthly limit of USD 3,500 for US dollar cash withdrawals by customers through its ATMs. BML said the existing daily withdrawal limit of USD 1,600 per card will remain unchanged despite the introduction of the monthly cap. The bank said the decision was part of its long-term policy […]
Bank of Maldives returns as Banking Partner for Hotelier Maldives GM Forum 2026
Bank of Maldives (BML) has signed as the Banking Partner for the Hotelier Maldives General Managers (GM) Forum 2026, continuing its partnership with the country’s leading hospitality publication for one of the tourism industry’s key annual gatherings. This marks the second consecutive year BML will participate in the GM Forum as Banking Partner. The Bank […]
BML signs as Platinum Title Sponsor of World Travel Awards Asia, Oceania & Indian Ocean Gala
Bank of Maldives (BML) has signed as the Platinum Title Sponsor of the World Travel Awards Asia, Oceania & Indian Ocean 2026 Gala Ceremony, to be held in the Maldives on 27 September 2026. The World Travel Awards returns to the Maldives after a decade, bringing together tourism and hospitality industry leaders from more than […]
BML expects dollar transfer delays to ease by end of next week
Bank of Maldives (BML) has said delays affecting US dollar transfers are expected to return to normal by the end of next week as the bank takes measures to manage increased demand for foreign currency. BML said overseas transactions from rufiyaa accounts have increased this year, resulting in higher dollar outflows from the bank. According […]
BML says $50 million SBI repayment did not use bank or customer funds
Bank of Maldives (BML) has said the government’s repayment of the final USD 50 million of a USD 150 million Treasury bill facility through the State Bank of India (SBI) did not involve BML customer deposits or the bank’s own funds and had no impact on its financial position. The USD 150 million facility was […]
BML to process all new personal accounts, financing under Islamic banking
Bank of Maldives (BML) has taken a significant step forward in its ‘Islamic Finance First’ strategy. Effective Sunday, all new personal accounts and personal financing applications will be processed exclusively under Islamic banking principles. The Bank has also introduced simple and convenient mechanisms to help existing personal account and loan holders’ transition smoothly to Shari’ah-compliant […]
