Bank of Maldives has announced the reduction in interest rate of the Bank’s student loan, at an event held last night, to celebrate the Banks’ 40th Anniversary.
Speaking at the gala dinner held last night Bank’s Chairperson Yooshau Saeed spoke on the importance of bringing positive changes to the Bank’s products and services.
BML Kiyavaa Loan is an opportunity for students to further their studies and I am pleased to share that we will be reducing its interest rate from 9% to 5% with effect from 1st February. This positive change will be extended to all Kiyavaa Loans, including all existing loans.
Said Chairperson Yooshau Saeed.
At the event Chairperson also reflected on the Bank’s operations when it began in 1982 with just 10 employees dedicated to raising public awareness on general banking, travelling to the atolls to ensure accessible services.
While the Bank has developed to be the biggest bank in the country with the widest banking footprint, largest investment in the industry and the biggest financial sector employer, it began its journey by financing projects to sustain the economic landscape of the country.
Yooshau highlighted the many services BML first launched in the country over the past 40 years of the Bank.
All modern financial services that Maldivians are accustomed to have been introduced by BML, from ATMs to card services, internet banking, POS machines and cashless payment methods. With our exceptional reach and presence in the lives of every individual, we are also under continuous scrutiny.
Said Chairperson Yooshau Saeed.
He assured adapting to, and meeting Bank’s customer needs and assured Bank’s continued focus on improving and prioritize digital solutions, to ensure the Bank remains at the disposal of its customer all the times.
With a nationwide network of 35 branches across all 20 atolls, 82 Self Service Banking Centres, 140 ATMs, over 200 agents and a full suite of Digital Banking services, Bank of Maldives is supporting individuals, businesses and communities across the Maldives.
