Bank of Maldives Plc Ltd

Bank of Maldives (BML) has introduced new limits on overseas e-commerce transactions made using rufiyaa-denominated cards, citing rising dollar outflows and pressure on its foreign currency reserves. In a statement issued on Saturday, BML said Maldivians currently make more than 20,000 transactions a day across more than 40,000 international e-commerce platforms. The bank said the […]

Bank of Maldives has participated in a coral planting activity at Niva Kurumba Maldives, supporting ongoing efforts to protect and restore the country’s marine ecosystems. BML CEO and Managing Director Mohamed Shareef, members of the Bank’s leadership team, staff and tourists staying at Niva Kurumba Maldives participated in the activity, contributing to the resort’s coral […]

Bank of Maldives (BML) has achieved the Guinness World Records title for the most people snorkelling simultaneously at a single venue with 314 participants taking part in the record-breaking attempt at Niva Kurumba Maldives. The record attempt was carried out as an awareness initiative to bring people together, beneath the surface, to experience first-hand the […]

Bank of Maldives (BML) has conducted its annual Information, Communication and Technology (ICT) programme for girls in Sh. Funadhoo and Sh. Milandhoo. A team of 10 female staff from BML’s Technology Division will conduct sessions at Sh. Funadhoo School and Sh. Milandhoo School, targeting girls in grades 7 to 10. The programme introduced students to […]

Bank of Maldives has become the Platinum Partner of the 11th International Conference on Intellectual Advancement (ICIA), organised by the Islamic University of Maldives (IUM). The conference will be held from 30th to 31st August 2026. Since 2016, ICIA has served as a platform for knowledge exchange, academic dialogue and the promotion of evidence-based practices […]

Bank of Maldives (BML) has announced the recipients of ‘Bank Fund 2026’, an initiative aimed at empowering NGOs and supporting sustainable community development projects across the Maldives. The recipients of the Bank Fund this year are: Dhidhdhoo Kurimagu: Establishing HIVE, a Digital Innovation and Community Resilience Hub in HA. Dhidhdhoo to provide a dedicated space […]

Bank of Maldives (BML) has decided to increase its US dollar allocations for Telegraphic Transfers (TTs) for three weeks following a move by the Maldives Monetary Authority (MMA) to increase foreign currency allocations to banks. BML announced the decision on Wednesday, saying the amount allocated for TTs would be increased based on the bank’s dollar […]

Bank of Maldives (BML) has completed seven staff-led projects under its Community Impact Grant, supporting education and environmental initiatives across local communities. Launched in 2025 to mark BML Islamic’s 10th anniversary, the grant was introduced to deepen staff engagement with local communities. Through the initiative, BML employees partnered with schools, councils, community organisations and NGOs […]

The Maldives’ first corporate relay race, BML WeRun – Corporates, was held at Crossroads Maldives on Saturday, bringing together 18 teams from companies, institutions and organisations. The event was organised by WeRun Maldives in partnership with Bank of Maldives (BML), with the aim of encouraging physical activity and teamwork among employees. BML WeRun – Corporates […]

Bank of Maldives (BML) has revised its Forex Investment scheme, announcing that both the principal investment and investment returns under its US Dollar investment pools will now be paid in US Dollars. The scheme, launched on 30 June, offers a range of daily investment pools with returns of up to 25%. Under the original arrangement, […]

Bank of Maldives (BML) on Tuesday announced a new organisational structure designed to strengthen accountability, simplify the customer journey, and align the Bank more closely with its long-term strategy of sustainable growth, deeper customer relationships, and elevated service standards. As part of this restructuring, four members of the executive team have taken up adjacent roles […]

Mohamed Shareef, CEO and Managing Director of Bank of Maldives (BML), has been appointed Chairman of the Asian Bankers Association (ABA), becoming the first Maldivian to hold the position. His appointment takes effect on 31 July 2026 and was made by the ABA Board in accordance with the Association’s Charter. Shareef brings extensive leadership experience […]