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Maldives' development bank will boost growth, Saeed says

Saeed urged foreign partners, local businesses, and stakeholders to collaborate in making the bank a success.

President inaugurates Maldives’ first development bank

Development bank to open new avenues for dollars, Saeed says

Saeed highlighted the bank’s role in raising funds for various industries included in the government's economic development plan.

16 October 2024

New development bank will serve as investors' hub, president says

Government had in July submitted a proposal to the central bank to seek approvals for the establishment of a development bank.

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Millions mistakenly transferred recovered, BML says

The young man said the amount had also been deposited into the accounts of other employees of the resort.

New central bank governor meets all banks

According to statistics, Maldives needs USD 508 million to repay foreign loans this year.

Nigeria beats rivals for bid to host new Africa Energy Bank

The AEB initially has $5 billion to spend when it takes off later this year.

No employee negligence in scam losses, BML says

Nimal said BML's internet banking security is in line with international standards.

Anti-scam hindered by account seizure limits, BML says

A civil court ruling had decided that the bank could seize a customer's account only through a court order.

STO scraps plans for own digital bank to join Development Bank

The establishment of a development bank to provide concessional financing for development projects and such matters is a presidential promise.

Who is Tan Su Shan, Singapore bank DBS's incoming CEO?

Analysts say they don't expect major changes in strategy for the Development Bank of Singapore.

2 foreigners identified as development bank chief, Saeed says

The minister said the main purpose of the MDB is to invest in sustainable economic and social development and to raise funds for infrastructure development.