Development Bank of Maldives
3 articles
BusinessDevelopment Bank Chairperson resigns
Aruni Goonetilleke has resigned as Chairperson of the Development Bank of Maldives Limited shortly after its inauguration. The Privatization and Corporatization Board confirmed her departure, though no reason was given. The bank, established to fund large projects, has yet to begin lending operations despite being formed two years ago.
NewsMuizzu dismisses reports of plan to sell off DBM shares
President Mohamed Muizzu has dismissed rumors that the government plans to sell shares of the state-owned Development Bank of Maldives to JPMorgan, calling the claims baseless gossip. The bank, which recently received its final permit for commercial operations, is now focused on recruitment and funding large-scale development projects.
