A digest of news and opinion from the Maldives.
Bank of Maldives (BML) has announced that the bank will open on 27th and 29th April from 9:30 am to 12:30 pm, to provide essential services. BML will be essential services including international transfers, payroll services, Cheque processing for ATM cheques, and local bank transfer services. BML has stated that if requests are received after […]
Bank of Maldives (BML) has temporarily increased the limit on daily ATM cash deposits. BML has increased the daily ATM cash deposit limit for personal customers from MVR 50,000 to MVR 100,000. For business customers, the limit has been increased from MVR 200,000 to MVR 500,000. BML has closed its all branches and service centres […]
Bank of Maldives (BML) has revealed that around 12,000 loans have been applied for deferment. BML opened the opportunity to defer the repayment period to 6 months, as an initiative to help people during the economic downfall caused by COVID-19 pandemic. BML provided this opportunity to its customers on 2nd April. BML has also introduced […]
Bank of Maldives announced a 6-month moratorium for all personal, housing and business loans on 25th March 2020. Since then the Bank has been working hard with international accountancy bodies, Government and its regulators to ensure that its support to the Maldivian economy is what is needed, whilst ensuring compliance with international standards. As stated, […]
Bank of Maldives (BML) announces revised working hours during 30th March and 2nd March 2020. BML has stated that they will be working from 9:30 am to 11:30 on 30th March and 2nd April. On 30th March and 2nd April, Main branch, Villimale and Hullhumale branch, Airport branch, BML Islamic branch, Customer service centre, and […]
As part of the Economic Recovery Plan to minimize the impact on individuals and businesses due to COVID-19, the Government has announced a deferment of loan repayments for Bank of Maldives BML) customers. BML’s moratorium will allow a deferment of monthly principal and interest repayments for 6 months to help individuals and businesses manage during […]
Bank of Maldives (BML) introduced an online application option for internet banking services for their customers. BML customers can download the application form on BML’s website and submit the application or send a picture of the completed form via email to customerservice@bml.com.mv. Previously the service was not available online that customers were required to submit […]
The government has decided to extend the loan repayment period to 6 months to help business in the economic downfall caused by the spread of COVID-19 pandemic. In a press conference, Finance Minister Ibrahim Ameer has stated that they have extended the repayment of loans taken from Bank of Maldives (BML) for 6 months. He […]