Tree Top, Lanka’s Commercial Bank to open bank in Maldives

MMA has issued license for Tree Top Investment Pvt Ltd and Sri Lanka’s Commercial Bank to operate a commercial bank in the Maldives.
A notice released by MMA said the bank will operate as the Commercial Bank of Maldives Pvt Ltd, with Tree Top owning 45 percent of shares and Commercial Bank owning 55 percent of shares.
MMA said the license was given to the bank and the bank has to provide all the required services from a commercial bank. The bank is said to start operations on September 15.
MMA added that opening of this bank will encourage competitiveness in the financial sector and to sustainably develop the financial sector of the country.
Fetched On
Last Updated