Bank of Maldives

Bank of Maldives (BML) has disbursed MVR 12.1 billion in new loans during the first nine months of 2026, exceeding the total value of loans disbursed throughout 2025, according to its third-quarter financial report released on Thursday. The bank said the record level of lending reflected its continued expansion of financing to key sectors of […]

Bank of Maldives (BML) has recorded its highest-ever profit for the first nine months of a year, reporting a profit after tax of MVR 1.93 billion for the period ended 30 September 2026, an increase of 26% compared to MVR 1.53 billion during the corresponding period last year. According to the bank’s third-quarter financial results […]

Bank of Maldives (BML) has supported the Maldivian Nurses Association (MNA) to deliver the Zaytun mental health rehabilitation programme in Hulhumalé Phase 2 through the BML Bank Fund. The programme focuses on supporting individuals undergoing mental health rehabilitation and their families, developing life and coping skills, promoting social reintegration and increasing community awareness to reduce […]

Bank of Maldives (BML) has set a monthly limit of USD 3,500 for US dollar cash withdrawals by customers through its ATMs. BML said the existing daily withdrawal limit of USD 1,600 per card will remain unchanged despite the introduction of the monthly cap. The bank said the decision was part of its long-term policy […]

Bank of Maldives (BML) has said delays affecting US dollar transfers are expected to return to normal by the end of next week as the bank takes measures to manage increased demand for foreign currency. BML said overseas transactions from rufiyaa accounts have increased this year, resulting in higher dollar outflows from the bank. According […]

Bank of Maldives (BML) has said the government’s repayment of the final USD 50 million of a USD 150 million Treasury bill facility through the State Bank of India (SBI) did not involve BML customer deposits or the bank’s own funds and had no impact on its financial position. The USD 150 million facility was […]

Bank of Maldives (BML) has taken a significant step forward in its ‘Islamic Finance First’ strategy. Effective Sunday, all new personal accounts and personal financing applications will be processed exclusively under Islamic banking principles. The Bank has also introduced simple and convenient mechanisms to help existing personal account and loan holders’ transition smoothly to Shari’ah-compliant […]

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 […]