Bank Of Maldives

Why the Maldives hit Chinese shopping sites with a 30 percent fee

The tax reflects the US dollar black market premium.

Bank of Maldives enlists Singapore firm for forensic audit

Deloitte will probe transactions related to the MMPRC corruption scandal.

Bank of Maldives loses bid to withhold information from corruption probe

The civil court refused to grant a stay order.

Bank of Maldives implicated in MMPRC corruption scandal

The national bank is accused of enabling the embezzlement scheme.

Bank of Maldives denies misinforming parliament

Deputy CEO Shareef is accused of committing perjury.

Bank of Maldives deflects blame over corruption scandal

Bank officials sought to shift blame to the anti-money laundering watchdog.

Anti-corruption watchdog deflects blame on MMPRC scandal

The ACC blamed the authorities for failing to act after findings were shared in 2017.

Bank of Maldives to host Asian banking conference

The Bank of Maldives will host a regional banking conference late next year with 80 leading institutions from 25 Asian countries due to take part.

Government borrows US$52m for ‘short-term financing’

The loan was taken from the Bank of Maldives on March 28 to settle unpaid bills and “manage cash flow,” according to information shared by the finance ministry with parliament’s public accounts committee.

Yet another policy reversal puts affordable housing out of reach for Malé residents

When Malé’s landless families drew lots to choose flats in the newly built Tata blocks in October, the keys to their new homes seemed all but assured. But yet another policy reversal appears to have put the flats out of reach.

SOF leaks whistleblower given eight months in jail

Gasim Abdul Kareem’s counsel have called for his immediate release, noting that he has already spent a period longer than his eight month prison sentence in state custody.

Whistleblower protection urged for bank employee detained over MMPRC leak

Lawyers representing a senior bank official, detained for leaking documents related to the Maldives’ biggest ever corruption scandal, are seeking his release under laws that offer protection for whistleblowers.

National bank slashes interest rates on some loans

The Bank of Maldives has announced plans to slash interest rates on housing and personal loans and has launched a new loan scheme to encourage investment in green technologies.

Bank staff arrested over leak of transactions by company in MMPRC scandal

A senior national bank staff was arrested Thursday on a charge of leaking details of financial transactions by a company involved in the Maldives’ biggest corruption scandal.

Court ruling barring bank limits on cash withdrawal is “risky,” says ex economic minister

A High Court verdict barring banks from imposing limits on the amount of money customers can withdraw from their accounts is a “risky move” that could send “send shocks throughout the banking system,” former Economic Minister Mahmood Raazee has said.

Bank of Maldives appoints first female chairperson

Bank of Maldives introduces new loan scheme for teachers

Bank of Maldives introduces Islamic banking services

BML increases its banking fees

Bank of Maldives to introduce US$ ATMs