Bank of Maldives

Maldives’ main bank reveals plans to expand business overseas

  • BML made the announcement at a ceremony on Thursday afternoon
  • It said international expansion ‘will bring diversification benefits and will generate revenue to support investments’
  • In the process of applying for a banking license in another Asian country, said CEO and MD Andrew Healy

Aishath Shaany
Shaaknee

K. Male' 2018 Jan 25 | Thu 23:19 3,377 business

BML CEO Andrew Healy speaking at the event held on Thursday - RaajjeMV

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.

Last updated at: 3 weeks ago | Reviewed by: Rushdha Rasheed

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