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Cabinet Approves Sale of Gov’t Stake in SDFC to BML

psmnews.mv/en/161545
21 Jul 2025

The Cabinet has approved the sale of the government's stake in the SME Development Finance Corporation (SDFC) to the Bank of Maldives (BML). The Cabinet took the decision following discussions on a pa...

BML Opens 40th Branch in Dhuvaafaru, Debuts Nation's First Paperless Facility

psmnews.mv/en/161512
20 Jul 2025

The Bank of Maldives (BML) has opened its 40th branch on the island of Dhuvaafaru in Raa Atoll, marking a notable milestone with the introduction of the country's first fully paperless banking facilit...

BML opens its 40th branch in Dhuvaafaru

en.sun.mv/97550
19 Jul 2025

Bank of Maldives (BML) has expanded its services in R. Atoll with the opening of its new BML Islamic branch at Dhuvaafaru. The branch was inaugurated by Housing Minister Abdulla Muththalib at an even...

BML Offers Exclusive Discounts on Student Debit Card Transactions

psmnews.mv/en/161165
14 Jul 2025

Bank of Maldives (BML) has offered exclusive discounts on transactions made on Point of Sale (POS) terminals for BML-issued Student Debit Cards. BML said discounts up to ten percent will be offered fr...

BML Environmental Protection Initiative: Annual MVR 5.5 Mil on conservation efforts

en.sun.mv/97442
14 Jul 2025

The Maldives national bank – Bank of Maldives (BML) – has announced efforts to inject MVR 5.5 million annually towards environmental and marine protection efforts. In a statement, BML highlighted the...

BML reverts decision, withdrawal limit for locals abroad at USD 750

en.sun.mv/97274
02 Jul 2025

The Bank of Maldives on Tuesday, reversed its earlier decision to cap the withdrawal limit for Maldivians residing abroad. The bank earlier had announced that Maldivians living abroad can withdraw ca...

BML Advises Maldivians Overseas to Register for Higher Foreign Spend Cap

psmnews.mv/en/160378
01 Jul 2025

The Bank of Maldives (BML) has said customers residing overseas can register for an increased foreign spend limit of USD 750 per month for their BML-issued debit cards. Changes to BML’s policies which...

BML to Lift Debit Card Spending Cap, Impose Fees to Address Misuse

psmnews.mv/en/160272
30 Jun 2025

The Bank of Maldives (BML) said on Monday it would raise the monthly foreign transaction limit on Maldivian Rufiyaa (MVR) debit cards to USD 500 beginning 1 July, while introducing a series of new fee...

BML increases monthly foreign transaction limit to USD 500

avas.mv/en/150287
30 Jun 2025

As part of its commitment to support overseas spending for its customers, Bank of Maldives (BML) has announced an increase in the monthly foreign transaction limit for its debit cards to USD 500 per m...

BML to charge 30 percent on purchases from select foreign websites

avas.mv/en/150288
30 Jun 2025

The Bank of Maldives (BML) has decided to charge a fee of up to 30 percent for purchases on foreign websites where Maldivians shop most from. The change will come into effect on 1 July. BML made the...

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