BML

25 Jul, 2025

Bank of Maldives to Introduce Indian Rupee Accounts, Aiming to Bolster Trade and Remittances

Malé, Maldives — In a significant move to deepen economic ties with India, the Bank of Maldives (BML) announced on Friday that it will begin offering Indian Rupee (INR) accounts for personal

News

30 Jun, 2025

Bank of Maldives Raises Debit Card Limit for Overseas Spending, Adds Fees for E-Commerce

MALE’, Maldives — The Bank of Maldives (BML) announced on Monday that it will raise the monthly limit for overseas debit card transactions to $500 starting July 1, 2025, to support customers’

News

06 Nov, 2024

Maldives Launches Low-Interest Housing Loan Scheme

MALE’, Maldives — The Maldives has introduced a low-interest housing loan scheme aimed at addressing housing needs, launched by President Dr. Mohammed Muizzu at a ceremony on Tuesday. Under the scheme, loans

Four Arrested in Airport Heist That Shook the Maldives’ Sense of Safety

VELANA INTERNATIONAL AIRPORT — The four men accused of robbing two Bank of Maldives (BML) employees at knifepoint early morning yesterday have been arrested and remanded in custody for five days, police

28 Oct, 2025

News

Bank of Maldives Apologizes After ATMs Apparently Decide to Double-Dip Customer Accounts

MALE,—Bank of Maldives (BML) found itself in hot water after admitting to a glitch that gleefully deducted money from customer accounts twice, like an overzealous tax collector with a vendetta. The bank,

12 Apr, 2025

News

Maldives Drives Financial Inclusivity Under President Muizzu’s Leadership

MALE’, Maldives — In a move to ensure greater financial participation of the people, the government has signed agreements with the Bank of Maldives (BML) and the Maldives Islamic Bank (MIB) to

07 Nov, 2024

Business·News

BML to Sell Three Islands Tied to Mercurial Former Politician’s Company Over Unpaid Loan

MALE’, Maldives — Bank of Maldives (BML) has announced the sale of three islands linked to a company owned by Reeko Moosa Manik, a former film star turned mercurial political figure, amid allegations

29 Oct, 2024

News·Politics·Tourism

Bank of Maldives Reports Strong Q3 Growth, Appoints First Maldivian CEO

MALE’, Maldives — Amid recent social media backlash over limits placed on USD transactions for BML-issued cards, Bank of Maldives (BML) reported a robust third-quarter performance, posting a net profit of MVR

29 Oct, 2024

News

Deputy Speaker Claims Opposition Plot to Destabilize Economy Foiled

Malé, Maldives — In a striking accusation, Deputy Speaker Ahmed Nazim alleged that the opposition orchestrated a ‘financial coup’ involving the Bank of Maldives (BML) in a deliberate attempt to destabilize the

29 Aug, 2024

Business·Leaders·News·Politics·Tourism

BML Reverses Decision on Dollar Transaction Limits After Government Intervention

MALE, Maldives — The Bank of Maldives (BML) reversed its earlier decision to limit foreign transactions on Maldivian Rufiyaa-linked visa cards after a swift intervention by the government and public outcry, the

25 Aug, 2024

Business·News·Politics

Bank of Maldives Tightens Card Limits on Foreign Transactions Amid Rising Currency Concerns

MALE, Maldives — The Bank of Maldives (BML) announced changes to its card limits for foreign transactions today, a move aimed at addressing the growing demand for foreign currency amid limited supply.

25 Aug, 2024

Business·News

Academics Fear Curtailed Access to Knowledge as BML Considers Dollar Spending Limits

Dr. Ibrahim Latheef, Dean of Postgraduate Studies and prominent Maldivian academic with Villa College, expressed concern today over the Bank of Maldives’ (BML) recent moves regarding foreign currency spending, fearing it will

12 Feb, 2024

Business·News·Politics

Bank of Maldives Eases Financial Strain for Borrowers

In a practical move aimed at assisting borrowers, the Bank of Maldives (BML) has decided to lower overdue interest rates, effective from January 24th, 2024. The reduction, from 2% to 0.5%, signifies

04 Feb, 2024

Business·News·Politics·Tourism

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BML

Bank of Maldives to Introduce Indian Rupee Accounts, Aiming to Bolster Trade and Remittances

Bank of Maldives Raises Debit Card Limit for Overseas Spending, Adds Fees for E-Commerce

Maldives Launches Low-Interest Housing Loan Scheme

Four Arrested in Airport Heist That Shook the Maldives’ Sense of Safety

Bank of Maldives Apologizes After ATMs Apparently Decide to Double-Dip Customer Accounts

Maldives Drives Financial Inclusivity Under President Muizzu’s Leadership

BML to Sell Three Islands Tied to Mercurial Former Politician’s Company Over Unpaid Loan

Bank of Maldives Reports Strong Q3 Growth, Appoints First Maldivian CEO

Deputy Speaker Claims Opposition Plot to Destabilize Economy Foiled

BML Reverses Decision on Dollar Transaction Limits After Government Intervention

Bank of Maldives Tightens Card Limits on Foreign Transactions Amid Rising Currency Concerns

Academics Fear Curtailed Access to Knowledge as BML Considers Dollar Spending Limits

Bank of Maldives Eases Financial Strain for Borrowers

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