A digest of news and opinion from the Maldives.
Bank of Maldives has started accepting applications for the EIB COVID Relief Loan launched under the COVID-relief support for Small to Medium Enterprises (SMEs) through funding from the European Investment Bank (EIB), facilitated by the Government of Maldives. Businesses can finance projects up to MVR 15.42 million at a lower interest rate of 6% with […]
The library at the AA. Atoll Education Centre located in Rasdhoo has been developed with the support of the ‘Aharenge Bank Community Fund’, an initiative by Bank of Maldives (BML). With the winning project proposal submitted by Ismail Shimaau, the library is now equipped with new book stands, furniture and a variety of new books. […]
Bank of Maldives has announced plans to install new ATMs in N. Kendhikulhudhoo, K. Guraidhoo, AA. Thoddoo, and Th. Thimarafushi as part of its plan to expand its network to support local communities. This is part of a wider network expansion plan, with additional self-service ATMs and banking services to be introduced in the coming […]
The COVID-19 pandemic has created many global logistic challenges and the import of US Dollar cash notes into the country has reduced. The Bank of Maldives will, therefore, be limiting the withdrawal of USD cash at ATMs and branches to USD 2000 per month, per customer with immediate effect. With restrictions in overseas travel, there […]
Bank of Maldives has continued to scale up its investment with the introduction of Self Service Banking ATM Centres in GA. Maamendhoo and GA. Nilandhoo. In addition to the usual cash withdrawal facilities, the new Centres will support individuals and businesses to deposit and transfer money on a 24/7 basis. With these new investments, Gaaf […]
As part of the Government’s recovery plan due to the COVID-19 outbreak, Bank of Maldives has announced that it will support the Ministry of Finance in the implementation of the COVID-19 Recovery Scheme. This scheme allows individuals, cooperatives and businesses financially affected by the COVID-19 pandemic to apply for financing to meet working capital requirements. […]
The original Dhivehi article was published on Raajje.mv website on 14th January 2018. The following is a loose translation: Financial regulations were altered to enable the heist An exact figure of the money delivered to President Yameen’s residence is yet unknown Some works of the ministry of tourism’s were transferred to MMPRC Between 17 July […]
The Bank of Maldives will host a regional banking conference late next year with 80 leading institutions from 25 Asian countries due to take part. The Asian Bankers Association announced that its 35th annual gathering will be held in Kurumba Maldives in November 2018. “I am delighted that Maldives, with Bank of Maldives as host […]
A chapter of the forums organised for Small and Medium Enterprises (SMEs) by the Ministry of Economic Development, “SME Finance Forum” will be held at HDh. Kulhudhuffushi on 26 November. According to the Ministry, the forum held in Kulhudhuffushi is especially for the HDh. Atoll area and information about development and growth of SMEs in the […]