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President officiates groundbreaking for 300 housing units in Vilimalé under BML Affordable Housing Project

presidency.gov.mv/Press/...
26 Mar 2026

President Dr Mohamed Muizzu has officiated the groundbreaking for 300 housing units to be developed in Vilimalé under the Bank of Maldives (BML) Affordable Housing Project. The ceremony was held tonig...

USD foreign exchange sales increased by 70 percent in 2025: BML

psmnews.mv/en/177042
26 Mar 2026

The Chief Executive Officer and Managing Director of Bank of Maldives (BML), Mohamed Shareef, has revealed that the bank increased its USD foreign exchange sales by 70 percent last year. According to...

BML seeks expansion into Sri Lanka, applies for banking license

psmnews.mv/en/176966
25 Mar 2026

In a significant move toward regional expansion, the Bank of Maldives (BML) has formally applied for a license to open a branch in Sri Lanka, CEO and Managing Director Mohamed Shareef has revealed. Hi...

BML to cap affordable housing rent at one-third of market rate

psmnews.mv/en/176961
25 Mar 2026

The Bank of Maldives (BML) has officially launched construction of over 1,000 affordable housing units as part of its landmark BML Affordable Housing Project, with CEO and Managing Director Mohamed Sh...

President inspects CMEC site for BML Affordable Housing Project

psmnews.mv/en/176776
22 Mar 2026

President Dr Mohamed Muizzu visited the China Machinery Engineering Corporation (CMEC) site in Hulhumale’ Phase II to inspect preparations for the commencement of the BML Affordable Housing Project. T...

BML tackles Maldives’ biggest social challenge with new housing project

psmnews.mv/en/176724
22 Mar 2026

The Bank of Maldives (BML)’s Chief Executive Officer (CEO) and Managing Director Mohamed Shareef has stated that the bank’s participation in the government’s housing initiative is not driven by profit...

Construction begins on 1,224 BML Affordable Housing Units in Hulhumale’ Phase III

psmnews.mv/en/176721
21 Mar 2026

Construction has begun on 1,224 units of the Bank of Maldives (BML) Affordable Housing Project. The BML Affordable Home Leasing Company, a BML subsidiary, is developing a total of 3,260 housing units...

"New housing project with BML result of President’s innovative banking solution"

psmnews.mv/en/176720
21 Mar 2026

Minister of Construction, Housing and Infrastructure Dr Abdulla Muththalib has described the new housing initiative supported by Bank of Maldives (BML) as a model introduced by President Dr Mohamed Mu...

President attends groundbreaking ceremony for BML's 1,224 affordable housing units

presidency.gov.mv/Press/...
21 Mar 2026

President Dr Mohamed Muizzu attended the groundbreaking ceremony for 1,224 housing units in Hulhumale', as part of the Affordable Housing Project initiated by the Bank of Maldives (BML) under the Admi...

BML’s multi-currency digital wallet ‘Swipe’ reaches Addu City

psmnews.mv/en/176102
12 Mar 2026

The Bank of Maldives (BML) has launched its multi-currency digital wallet, Swipe, in Addu City. The service was officially launched by Minister of Homeland Security and Technology Ali Ihsan at a speci...

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