Good news for the tourism sector: BML offers short-term financing in the face of COVID-19

Due to the uncertainty in facing the Coronavirus (COVID-19) outbreak globally and to mitigate the risks to the industry, the Bank of Maldives, together with the Ministry of Tourism and the Maldives Association of Tourism Industry (MATI), has announced short-term financing solution to support the tourism sector. The financing solution allows operational resorts and guesthouses […]

Timothy Sawyer, CEO and Managing Director, Bank of Maldives

Hotelier Maldives had an exclusive interview with Timothy Sawyer, who was appointed as the Chief Executive Officer and Managing Director of Bank of Maldives Plc (BML) in July, 2019. In his interview, Tim talked about the current trends within the Maldivian banking sector and how Bank of Maldives managed to maintain its status as the […]

Bank of Maldives Appoints New CEO

Bank of Maldives has announced the appointment of Timothy Sawyer as its new Chief Executive Officer. Tim has over 30 years of international experience in financial services, including 20 years at Executive and Board level. He joins Bank of Maldives from his position as the Chief Investment Officer at Innovate UK, the investment arm of […]

Bank of Maldives appoints new Corporate Banking Director

Bank of Maldives (BML) has appointed Kuldip Paliwal as Corporate Banking Director.

BML reports lending increases on the back of strong financial performance

Bank of Maldives’ financial results for this year’s Q2 show the bank continuing its positive performance, with a profit after tax of MVR115 million, an increase of 4% over the previous quarter. Moreover, the profits from the first half of 2015 are up 31% on that of the previous year.

BML’s profit for the past quarter totals MVR110 million

Bank of Maldives (BML) has generated 110 million rufiyaa as profit during the first quarter of the year.

Reethi Beach Resort Sold

Bank of Maldives (BML) has sold Reethi Beach resort in Baa Atoll. The resort, which is operated on Fonimagoodhoo, was sold to RBRM Private Limited, according to a press release issued by the bank today.