A digest of news and opinion from the Maldives.
It has come to light that some customers of Bank of Maldives (BML) are using third party websites to confirm transactions, according to an announcement released by the bank today. These websites including www.kashavaru.com attempt to use the bank’s Internet Banking platform to receive third-party transfer confirmations. Customers are initially asked to provide their personal […]
Bank of Maldives has announced plans to expand its deposit and payment services with Cash Agents in 100 islands within the year. Cash Agents were introduced in 2014 as part of the Bank’s Financial Inclusion strategy to provide banking services in islands without a branch or ATM. The service was launched with just cash withdrawal […]
Bank of Maldives launches a promotion for its cardholders. Customers can shop with BML Debit and Credit card and stand a chance to win a gift card worth MVR 5,000 every week. The weekly promotion will continue for nine weeks and winners will be chosen by a draw every week during the promotion period. The […]
Bank of Maldives introduced a range of services through its online banking platform to support customers during the Covid-19 pandemic. From March to December 2020, the Bank received over 80,000 applications via internet banking for additional account opening, debit and credit cards, loans and requests to update personal information. This is an increase of 33% […]
Bank of Maldives (BML) has approved loans for 441 applicants under the bank’s Covid-19 Recovery Scheme. According to statistics from the Ministry of Finance, MVR 585.9 million and a total of USD 8 million had been disbursed through 419 loans issued on behalf of BML as of 14th January 2021. The statistics also reveal that […]
Following speculation caused by a fake press release circulating across social media, Bank of Maldives (BML) has clarified that no changes were brought to their card limits for foreign transactions abroad and in the Maldives. Following dollar shortages caused by a tourism industry struggling post-pandemic, BML has introduced limits to their cards for foreign transactions […]
Bank of Maldives (BML) has issued over MVR 578.5 million in loans to large-scale businesses struggling to mitigate the financial impact of the COVID-19 pandemic. Statistics released by the Finance Ministry show that MVR 578.5 million and USD 8 million in loans to 422 large-scale businesses were issued through BML as of 30th December 2020. […]
Bank of Maldives (BML) has announced its decision to close two of its branches in Male’ City. The Velana International Airport branch and the Bazaar branch will be closed from 22nd December 2020. According to the bank, although the branches will be closed, ATM services will remain available, as well as services from foreign exchange […]
Bank of Maldives has today announced the 10 winning proposals for the final phase of 2020 as part of its “Aharenge Bank” Community Fund, a nationwide campaign to empower individuals and NGOs to contribute to society by conducting sustainable community projects. The winning ten projects are: Sh. Goidhoo – Installing solar powered street lights (Ibrahim […]