Maldives’ main bank reveals plans to expand business overseas

Maldives’ main bank has revealed plans to expand business overseas.

Bank of Maldives (BML), on Thursday, said that while their main focus is Maldives, that ‘overseas expansion will bring diversification benefits and will generate revenue to support investments’.

“We are in the process of applying for a banking license in another Asian country and we are hopeful we will have kick-started operations before the end of the year,” said BML.

The Bank said that it will invest MVR 300 million in 2018, to widen services and continue programs that will benefit the community.