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

K. Male' | Aishath Shaany | 25-January-2018 | Thursday 12:35 | Shaaknee | Business | 2,628

BML CEO Andrew Healy speaking at the event held on Thursday -- Photo by: 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.



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