Bank of Maldives Expands Currency Offerings to Include Emirati Dirham and Chinese Yuan

Stumke highlighted the bank's recent accomplishments, emphasizing investments in customer service, infrastructure, digital solutions, and a robust commitment to sustainability and community support. He pointed out that these initiatives have been crucial in driving the bank's success.

Addressing the evolving needs of BML's customers, Stumke proudly announced the new system configurations allowing transactions in AED and Renminbi. "We are now able to provide Renminbi accounts to our customers who would like to receive Renminbi settlements and use this for future payment obligations,” he stated.

The bank's financial performance has also been impressive, with BML achieving a record net profit of MVR 2.07 billion last year. This success was attributed to efficient liquidity management, increased investment in Treasury Bills, and a growing loan portfolio. Customer deposits surged by MVR 1.6 billion, solidifying BML's position as the leading bank in the Maldives with over 55% of the market share.

Looking ahead, Stumke reaffirmed the bank's commitment to maintaining high standards of governance and customer-centric practices. He emphasized a continued focus on digitalization and a dedication to building a more sustainable and inclusive future. "Together, we will continue to build a stronger, more prosperous future for Bank of Maldives and the nation we serve,” he concluded.