Development Bank
12 articles
NewsMVR 12 million spent on DBM which is yet to start operations
In response to a Right to Information (RTI) request by Adhadhu, the ministry said MVR 11,998,267 had been issued to DBM by August 2025.
BusinessDBM fails to begin operations by deadline
The Maldives Monetary Authority (MMA) issued the license on October 13, 2024, on condition that banking services be provided within a year.
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DBM has not paid monthly rent for its office building
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Millions spent on DBM yet to start operations
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DBM's MD and CEO resigned over unpaid salaries
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MD and CEO resigns before DBM become operational
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DBM launched without plans to begin service immediately
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Development bank inactive two months after opening
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No services from MDB 21 days after opening
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Two months past date given to open Development Bank
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Muizzu meets Chairperson and CEO appointed to Development Bank
Business