A digest of news and opinion from the Maldives.
Bank of Maldives (BML) has issued MVR 475.6 Million and USD 6 million as loans to 330 companies under the COVID recovery scheme. According to the statistics publicized by the Finance Ministry, 542 companies have applied for the COVID recovery scheme. Out of the 542 individuals, 128 are not eligible for the scheme. The report […]
Bank of Maldives has expanded its cash deposit and payment services in the atolls with 40 Cash Agents. Through these agents, customers can make cash deposits of up to MVR 10,000 per day as well as make payments for loans and credit cards. As part of its efforts to bring banking services to islands, the […]
IFC, a member of the World Bank Group, is investing up to $50 million in Bank of Maldives (BML) to provide financing for private sector companies and small and medium-sized businesses in the tourism sector, to help preserve jobs and combat the negative shocks of COVID-19 on the economy. The investment is set to be […]
BML has announced that they had expanded Self-Service Banking with Additional ATM Centre, on 28th of June 2020. Bank of Maldives opened the doors of its new ATM centre in Male’ located at M. Star Cloud (former Star Cinema building). Located in a prime location in Male’, the Star ATM Centre will provide easily accessible […]
Maldives Airports Company Limited (MACL) declared the company revenue has decreased significantly this year, which in turn convinces MACL to apply for a loan from the Bank of Maldives (BML). Speaking at the Parliamentary Committee, on State-Owned Enterprises (SOEs), acting Managing Director Moosa Solih said MACL generated profits last December and January. A considerable amount […]
Bank of Maldives (BML) has assured that there has been no breach of card details at BML despite the social media speculations of such breach. The statement from BML comes after a list of BML issued cards made rounds on social media with reports of a major data breach of the card information. Merchants and […]
Bank of Maldives (BML) will be open for services not available via online or self-banking services, from 08th June 2020 on Monday, Tuesdays, and Thursdays, from 9:30, am to 2:00 pm. To ensure that services are provided in line with social distancing and safety measures announced by the Health Protection Agency (HPA), BML will be […]
Bank of Maldives (BML) will resume card collection services via pre-booked appointments at Customer Service Center (CSC) from 1st June onwards. In a press statement released by the bank, they have stated that they will serve only 300 customers per day for card collection to ensure services are provided in line with social distancing and […]
Bank of Maldives will be providing the following essential services on 4th and 6th May, from 9.30 am to 12.00 pm: If requests are received after the cut-off times, these will be processed on the next working day. BML informs that cash services will not be available at their branches, and customers (who have permission […]