Bank of Maldives (BML) has launched its Green Resort Financing, a facility designed to support resort investments in sustainable practices.

Chairman of Crown and Champa Resorts, Hussain Afeef joined the BML CEO and Managing Director Mohamed Shareef to launch the new financing facility during the Maldives Association of Tourism Industry’s (MATI) Annual General Meeting on Sunday.

"The Green Resort Finance facility is designed to provide resorts with the financial flexibility needed to implement sustainable solutions while ensuring operational efficiency," Shareef said at the event.

He reinforced the national bank’s commitment to supporting the tourism industry.

"As the largest and the leading bank in the country, we are here to support our tourism industry with tailored banking and payment solutions," he stated.

The Green Resort Financing facility provides resorts with funding to implement sustainable business practices including coastal protection, energy-efficient equipment, reforestation and waste management.

Key Features of Green Resort Financing:

• Overdraft facility of up to MVR 50 million
• Competitive interest rate of 6.5 percent p.a.
• Flexible repayments through card collections

BML said corporate customers can find more information on Green Resort Financing by contacting their dedicated Relationship Manager.