Financial Sector

Bank of Maldives has completed seven staff-led projects under its Community Impact Grant, supporting education and environmental initiatives across local communities.

The Maldives Monetary Authority (MMA) has decided to increase the weekly amount of US dollars issued to banks by 51 percent to facilitate access to foreign exchange through the banking...

Mohamed Shareef, CEO and Managing Director of Bank of Maldives, has been appointed Chairman of the Asian Bankers Association (ABA), becoming the first Maldivian to hold the position. His appointment...

The Bank of Maldives (BML) has announced a new organisational structure designed to strengthen accountability, simplify the customer journey, and align the Bank more closely with its long-term strategy of...

According to the latest Weekly Fiscal Developments Report prepared by the Ministry of Finance and Public Enterprises as of July 23, 2026, the total revenue and grants received by the...

The Maldives Monetary Authority (MMA) has announced the go-live of a cross-border payment integration connecting Favara, the Maldives' instant payment system, with India's Unified Payments Interface (UPI) in a milestone...

Bank of Maldives (BML) has announced the launch of Liveaboard Finance, a dedicated financing solution for the Maldives' liveaboard tourism segment. 

Tourism Goods and Services Tax (TGST) collection stood at MVR 6.7 billion, which was a key driver of state revenue growth during the current year, according to the latest Weekly...