BML sold over $478 million in foreign currency during first half of 2026
Bank of Maldives (BML) sold more than US$478 million in foreign currency to businesses and individuals during the first six months of 2026, according to the bank’s second-quarter financial results released on Thursday. In a statement accompanying the financial results, BML said it provided an average of US$80 million per month during the period. The […]
BML reports MVR 1.3 billion net profit for first half of 2026
Bank of Maldives (BML) recorded a net profit after tax of MVR 1.3 billion during the first six months of 2026, an increase of 21% compared with the same period last year. The bank released its financial results for the second quarter on Thursday. According to the financial statements, BML generated total revenue of MVR […]
BML offers lowest vessel financing rate with new liveaboard facility
Bank of Maldives (BML) on Wednesday announced the launch of Liveaboard Finance, a dedicated financing solution for the Maldives’ liveaboard tourism segment. The facility covers the purchase, construction, mechanisation, or renovation of liveaboard vessels, along with related equipment and gear, giving operators the flexibility to expand their fleets, modernise ageing vessels, or bring new builds […]
BML named Exclusive Banking Partner for Maldives Half Marathon 2026
Bank of Maldives (BML) has officially entered into an agreement with iRunners to serve as the Exclusive Banking Partner for the Maldives Half Marathon 2026 (MHM26). The event is scheduled to take place on August 14th at Hulhumalé Central Park and is expected to attract over 2,000 participants. The marathon will feature eight categories: the […]
BML rolls out Aaya update to improve customer banking requests
Bank of Maldives (BML) has started the rollout of updates to Aaya on the BML Mobile Banking App and Internet Banking, to make it more convenient for customers to submit banking requests. As part of this, customers can no longer send banking requests through the messaging feature within the Mobile Banking App and Internet Banking. […]
Bank of Maldives selects Finastra Essence to modernise core banking
Finastra, a global leader in financial services software, on Tuesday announced that the Bank of Maldives (BML) has selected Finastra Essence to modernise its core banking operations and support its long-term digital transformation strategy. The agreement will enable the bank to accelerate product innovation, enhance operational efficiency, and deliver seamless banking experiences across both conventional […]
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, […]
