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One of the biggest issues in the current banking system is the difficulty when it comes to transferring money between counties. This not only poses a difficulty for students living...
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Although there have been some setbacks when it comes to the banking sector as citizens in the Maldives have continued to face interruptions in the past few weeks, some interesting developments...
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On June 26, 2024, Fitch Ratings downgraded the Maldives' Long-Term Foreign Currency Issuer Default Rating from 'B-' to 'CCC+'. This decision primarily stems from increased risks associated with the country's...
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The Bank of Maldives (BML) has announced a significant expansion of its Maafushi branch, offering a comprehensive range of banking solutions to cater to both individuals and businesses. This development...
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The Bank of Maldives (BML) has announced a significant expansion of its currency services, now allowing transactions in both the Emirati Dirham (AED) and the Chinese Yuan (Renminbi). This development...
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The Bank of Maldives (BML) Islamic has made history by launching the country's first-ever Shari’ah-compliant credit card. Running on the American Express network, this innovative financial product promises to deliver...
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In a continued effort to empower NGOs and contribute to community development through sustainable initiatives, the Bank of Maldives (BML) has announced the launch of its annual 'Bank Fund'. This...
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In a significant move to enhance its payment ecosystem, the Bank of Maldives has unveiled an exciting partnership with Weixin Pay, commonly known as WeChat Pay, to broaden its Point-of-Sale...
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The Maldives is set to revolutionise its financial sector as the Minister of Economic Development and Trade, Mohamed Saeed revealed that the Maldives is set to open its first development...
