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A digest of news and opinion from the Maldives.

BML

Bank of Maldives to Stop Manual Dollar Booking Services at Branches

Bank of Maldives to Stop Manual Dollar Booking Services at Branches

1 min read

In order to support the foreign exchange needs of Maldivians travelling abroad, BML introduced a convenient online booking system to purchase US Dollars in January 2017. This system has been very positively received by the community as it allows customers to avoid queuing at a branch and lets them collect their Dollars at the airport […]

Govt opens accounts to raise funds for Rohingya

Govt opens accounts to raise funds for Rohingya

3 min read

  Rohingya Muslim refugees arrive from Myanmar after crossing the Naf river in the Bangladeshi town of Teknaf on September 12, 2017. Some 370,000 Rohingya have fled Myanmar and entered Bangladesh since an upsurge in violence late last month, the United Nations said September 12. “An estimated 370,000 Rohingya have entered Bangladesh after fleeing violence […]

During BML's annual general meeting, 2017. PHOTO / MIHAARU

BML appoints new Chairman

1 min read

During BML’s annual general meeting, 2017. PHOTO / MIHAARU Bank of Maldives (BML) has appointed Saeed Umar as its new chairperson. The appointment was made at the BML director’s board meeting held on Monday. Umar had previously served as a policy consultant at the Economic Ministry, the co-chair of the China-Maldives Free Trade Agreement’s Working […]

Bank Of Maldives appoints new Chairperson

Bank Of Maldives appoints new Chairperson

1 min read

A board of directors meeting of national bank, Bank Of Maldives (BML) has appointed the company’s new Chairperson in Saeedha Umar. Ms Umar is the Policy Consultant at Ministry of Economic Development as well as the co-chair of China Maldives Free Trade Agreement Working Group. In addition to this, the newly appointed Chairperson of BML […]

Investment program is on track – BML CEO

Investment program is on track – BML CEO

3 min read

Following a year in which Bank of Maldives recorded its best ever financial performance, CEO Andrew Healy has emphasized that the Bank is keeping its promise to re-invest its earnings to support Maldivian individuals, families and businesses across the country. Addressing shareholders at the Bank’s AGM tonight, Andrew stated that the Bank had invested MVR […]

Bank of Maldives shareholders to receive record dividend

Bank of Maldives shareholders to receive record dividend

2 min read

Bank of Maldives has confirmed that its shareholders will receive a record dividend for the fourth consecutive year. Shareholders voted to approve the proposed pay-out of MVR 107.6 million (MVR 20 per share) at the Bank’s Annual General Meeting held in Hotel Jen, Male’ tonight. The state will receive just over MVR 370 million through […]