As it looks back on its long history, the Bank of Maldives (BML) has recognized their pioneers.

The country’s national bank held at event to celebrate its 40th anniversary on Thursday evening, during which it honored and recognized its pioneers, Former President Maumoon Abdul Gayoom and late Ismail Fathy for their vision and invaluable contribution in establishing BML.

President Ibrahim Mohamed Solih presented the awards during Thursday’s event.

Ex-President Gayoom and Late Ismail Fathy laid the foundation for BML to commence its commercial operation with International Finance Investment Company Limited of Bangladesh, with the government of Maldives holding 60 percent shares at inception.

The bank revealed that the “visionary leaders” are at the heart of the banking history of Maldives.

BML also recognized the longest-serving employees at the event including Aishath Noordeen, Fathimath Manike and Moosa Mohamed who have served the bank for 40 years.

BML remains the largest banking network in the archipelago nation and is one of the largest employers in the Maldives, with over 99 percent of its staff base being proud Maldivians.