Bank of Maldives strengthens ties with Hotelier Maldives as Banking Partner for GM Forum 2025
Hotelier Maldives, the leading hospitality media group in Maldives, has announced Bank of Maldives (BML) as the Banking Partner for the upcoming General Managers (GM) Forum 2025, scheduled to take place at Kurumba Maldives on 13 October 2025. This marks the second collaboration between Hotelier Maldives and BML, following their successful partnership at the Hotelier […]
Bank of Maldives partners with MOPA for sustainable plastic recycling
Bank of Maldives (BML) has announced a strategic partnership with the Maldives Ocean Plastics Alliance (MOPA) under its ENV POS initiative. This collaboration aims to bolster sustainable recycling practices and address plastic waste management in the Maldives. Under this partnership, an annex to MOPA’s existing Material Recovery Facility will be established in Hulhumale’ Phase 2. […]
Bank of Maldives, Mastercard launch tourism data platform for Visit Maldives
Bank of Maldives (BML) on Sunday announced the launch of a state-of-the-art Tourism Insight Data Platform. The platform was developed in a strategic collaboration with global payments leader Mastercard and has been delivered to Visit Maldives, the nation’s tourism promotion board. The new platform is designed to provide key industry stakeholders with unprecedented, data-driven insights […]
Bank of Maldives pledges millions to environment with new ENV POS programme
Bank of Maldives (BML) has introduced ENV POS, a first-of-its-kind initiative in the Maldives banking sector. Under this programme, for every transaction made through a BML Point of Sale (POS) terminal, the bank will set aside a contribution from its earnings to fund environmental initiatives across the country – at no cost to the customer […]
Bank of Maldives becomes Banking Partner for Hotelier Maldives Awards 2025
Bank of Maldives (BML) becomes Banking Partner for the Hotelier Maldives Awards 2025. The awards ceremony which will be held in Malé on June 14 will celebrate outstanding professionals working in the Maldives’ vibrant tourism and hospitality sector. The Hotelier Maldives Awards aims to acknowledge and reward the unsung heroes of the industry. This year, […]
BML funds Atmosphere Core, Alia project as Maldives’ first Shari’ah compliant resort financing
Bank of Maldives (BML) Islamic has announced its first fully funded Shari’ah-compliant corporate financing facility to support the development of a luxury resort at Kasanfaru Lagoon in Kaafu Atoll, marking a major milestone in the expansion of Islamic finance in the country. The 5-star, 118 room resort is being developed by Sentoric Island Pvt Ltd, […]
BML launches Green Resort Financing with MVR 50m overdraft, 6.5% interest
Bank of Maldives has launched its Green Resort Financing, a facility designed to support resort investments in sustainable practices. Chairman of Crown and Champa Resorts, Hussain Afeef joined the Bank’s CEO and Managing Director Mohamed Shareef to launch the new financing facility during the Maldives Association of Tourism Industry’s (MATI) Annual General Meeting held Sunday. […]
Maldives begins accepting India’s RuPay card payment network
India’s card payment network, RuPay, has been launched in Maldives. RuPay was introduced in Maldives virtually at a ceremony held in New Delhi on Monday during President Mohamed Muizzu’s visit to India. President Muizzu, in a joint statement with Indian Prime Minister Narendra Modi, said the introduction of the RuPay in Maldives would greatly facilitate […]
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.
