Bank of Maldives

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 […]

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 […]

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 […]

Bank of Maldives (BML) has launched a promotion offering holders of its American Express Platinum Credit Card and American Express Islamic Platinum Credit Card the opportunity to win a trip to the 2026 Formula 1 Singapore Airlines Singapore Grand Prix. The promotion began on Wednesday and will run until the end of July. Under the […]

Bank of Maldives (BML) has launched a new investment product that allows customers to invest US dollars and earn returns of up to 25 per cent, with profits paid in Maldivian rufiyaa (MVR). The bank announced the launch on Tuesday, stating that funds raised through the investment pools will be used to support its foreign […]

Bank of Maldives (BML) has introduced a dedicated card limit for Maldivian students studying overseas to facilitate the payment of student visa fees. BML spokesperson Mohamed Saeed said the bank had previously considered requests to increase card limits for visa payments on a case-by-case basis. Under the new policy, which took effect on Wednesday, eligible […]

Bank of Maldives (BML) on Wednesday announced the donation of 30 additional wheelchairs, marking the continuation of its annual initiative to support people with mobility impairments across the country. With this latest contribution, the programme has successfully delivered over 360 wheelchairs to individuals living in more than 105 islands since its inception in 2017. This […]

Bank of Maldives has partnered with Netball Association of Maldives. As part of the three-year partnership, the Bank will sponsor the NAM’s annual Interschool Netball Tournament (BML Raajje Junior Netball Championship) and Junior Championship Tournament. Netball association regularly holds such tournaments aiming to develop netball in the Maldives and nurture young talent. Bank of Maldives […]

The Bank of Maldives (BML) has launched a new promotion offering customers the chance to win $1,000 each week by using its US Dollar Debit Card. According to the bank, the campaign will run for seven weeks and continue until 30 July. The promotion is open to customers who newly apply for a Dollar Debit […]

Bank of Maldives (BML) has been assigned a Long-Term Issuer Default Rating (IDR) of ‘CCC-‘ with a Stable Outlook by Fitch Ratings. Fitch has also assigned the Bank a Local Currency Long-Term IDR of ‘CCC+’, which is two notches above the sovereign rating, reflecting the Bank’s strong standalone strength and resilience relative to the sovereign. […]

Bank of Maldives (BML) has renewed its partnership with Maldives Surfing Association (MSA) as its development partner. Under the partnership, the Bank will continue as the official sponsor of the National Junior and Senior Surfing Teams, while also supporting the annual National Junior Surfing Championship aimed at nurturing and developing young talent in the sport. […]

MINDCo and Bank of Maldives (BML) have jointly launched the Maldives AI Lab, the National AI and Data Competency Centre, as a key initiative under the Maldives 2.0 Digital Transformation agenda. Maldives AI Lab was officially launched during the opening ceremony of Co.Lab 26 by the Minister of Homeland Security, Labour and Technology, Ali Ihusaan. […]