BML opens a new business centre in Male’ to support SMEs

Bank of Maldives has opened its first Business Centre in Male’ at Fasmeeru Building, Boduthakurufaanu Magu.

The new premises were inaugurated by the Minister of Economic Development, Fayyaz Ismail at a special ceremony held on 12th November, evening.

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Dedicated Relationship Managers at the Business Centre will provide support for SMEs on a range of business banking and advisory services including applications for loans and credit facilities and merchant services including POS and Payment Gateway.

“We have a business loan portfolio of over MVR 800 million, comprising over 1,300 small businesses across various sectors. The new Business Centre will serve as a dedicated outlet to provide these businesses with easy access to expert advice for all their financial needs, helping us to better serve the needs of SMEs. We are committed to deliver support to the growing business sector and look forward to serving our customers better” said Tim Sawyer, CEO and Managing Director of Bank of Maldives.

With a nationwide network of branches, relationship managers, self-service banking centers, ATMs, point of sale merchants and agents across all 20 atolls complemented by a full suite of digital banking services, Bank of Maldives serves a large SME customer base.

The bank opened its first Business Centre in Addu City earlier this year and plans to open the Business Centre in Hulhumale and Kulhudhuffushi.

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