Bank of Maldives has reiterated its commitment to support the growth of Maldivian businesses as the Platinum Partner of the Corporate Maldives ‘GOLD 100’ business awards, an annual listing of leading companies in the Maldives.
The Maldives was one of the hardest hit by the Covid-19 pandemic and early on, the Bank took several steps to support the local economy. As part of its efforts, the Bank announced short-term financing for the tourism sector, introduced a moratorium for loans and financing and supported the government with the implementation of its Covid-19 recovery scheme.
Together with the government, the Bank also secured funding from international funding agencies to support the country’s sustainable recovery efforts. In 2020, the Bank lent over MVR 3 billion in loans to support the local economy.
At the Gala function held last night at Crossroads Maldives, the Bank was recognized amongst the top 100 companies in the country.
The Bank has partnered with ‘Corporate Maldives’ to present these awards since its inception in 2017.
