Mohamed Shareef
6 articles
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BusinessBML slashes equity to five percent for some housing loans
Bank of Maldives has reduced the equity requirement for housing loans under MVR 3 million from 20% to just 5%. The bank also lowered interest rates to 9.5% and removed additional collateral requirements for these loans. This change aims to make homeownership more affordable by easing the burden of large down payments.
BusinessBML named among the World’s Best-Performing Banks
Bank of Maldives (BML) has been named one of the World’s Best-Performing Banks by Forbes, ranking 39th in the Tier 6 category for smaller institutions. The selection was based on a global analysis of profitability, growth, and asset quality. This recognition follows BML's record-breaking financial performance and projected historic success.
