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Bank of Maldives participates in the Credit Guarantee Scheme by MMA

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Corporate Maldives 09 Aug 2016

Bank of Maldives has confirmed its participation in the Credit Guarantee Scheme which was launched this morning by the Maldives Monetary Authority (MMA). Under the scheme, loans will be made available...

Habib Bank to open first branch outside Maldives capital

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Fathimath Shaahunaaz 28 Jul 2016

The Habib Bank branch set to be open in Hulhumale. PHOTO/MIHAARU Habib Bank Ltd (HBL) of Pakistan is to open its first branch outside of capital Male in the reclaimed suburb of Hulhumale. The bank’s c...

Maldives central bank extends deadline for new currency exchange

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Fathimath Shaahunaaz 25 Jul 2016

A man counts a stack of notes at a MMA counter. MIHAARU FILE PHOTO/MOHAMED SHARUHAAN Maldives central bank has extended the deadline to exchange the old currency series at banks from the previous dead...

Maldives Islamic Bank opens fourth branch

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Fathimath Shaahunaaz 25 Jul 2016

The service counters at the Maldives Islamic Branch in Haa Dhaal Atoll Kulhudhuffushi island. PHOTO/MIB Maldives Islamic Bank (MIB) opened its fourth branch in the island of Kulhudhuffushi in Haa Dhaa...

Bank of Maldives introduces a new loan product to support victims of disasters

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Corporate Maldives 25 Jul 2016

Bank of Maldives has today introduced a new loan product to support victims of disasters to rebuild their homes. The BML Disaster Relief Loan, which is a joint initiative with the National Disaster Ma...

Commercial Bank of Maldives to commence banking operations in last quarter

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Corporate Maldives 24 Jul 2016

Tree Top Investments have announced the opening of Commercial Bank of Maldives (CBM). Commercial bank of Maldives is set out to enhance and improve the banking industry by providing efficient services...

Islamic Bank opens a branch in Kulhudhufushi

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Ahmed Ali 21 Jul 2016

Maldives Islamic Bank has opened a branch in Kulhudhufushi and started their services in Kulhudhufushi today. Officials say that this branch will provide the same services as other Islamic Bank branch...

BANK OF MALDIVES DELIVERS STRONG FIRST HALF RESULTS

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BY: moosawaheed, 21 Jul 2016

Bank of Maldives’ financial performance has continued its positive trajectory with first half Profit After Tax up 152% on the same period last year to MVR 571 million. The Bank’s Quarterly Update, rel...

Islamic Bank to provide financial assistance for Villa College courses

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BY: latheef, 08 Jul 2016

Maldives Islamic Bank has offered financial assistance for students of Villa College to start their courses in September this year. The loans will be mortgage free loans, with the payables deducted fr...

ADK is a trusted, reputed company: German Development Bank

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BY: latheef, 27 Jun 2016

German Development Bank has stated that ADK is a trusted and a reputed company. Speaking to press regarding the US$ 12 million loan granted to ADK by the Bank, the Bank’s Corporate Asia Department Hea...

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