Bank of Maldives (BML) remains committed to providing efficient and accessible banking services to the public. As part of its extensive network expansion, the bank has established ATMs across the country and currently operates 55 branches spanning 20 atolls. In the digital sphere, BML has introduced several innovative features, including the ability to open international currency accounts via “Swipe,” the “Split Pay” option for credit card transactions, and a range of new investment opportunities.
Furthermore, the bank has updated its lending policies, extending the eligible age for loans to 75 years and reducing the required equity contribution for home construction financing to 5 percent. BML’s financial performance continues to show significant growth. During the first half of this year, the bank disbursed USD 226 million in loans. Additionally, BML reported a net profit of MVR 2.5 billion for the past year, marking a 9.8 percent increase compared to the previous year.
