President Ibrahim Mohamed Solih has stated that the Bank of Maldives (BML) has played a pivotal role in invigorating and boosting the country’s economy.
At the gala dinner held to celebrate the 40th anniversary of BML, President Solih said that BML had contributed immense positive changes towards national development and invigorated the economy over the past 40 years, especially in the fisheries, tourism, and infrastructure development sectors. He highlighted the bank's role in facilitating the administration's financial services and lauded its contributions to national development through its corporate social responsibility (CSR). He also noted that the bank facilitated the administration's grant and loan programmes.
Furthermore, President Solih also spoke about the founding of the national bank and the country's banking system. He acknowledged the support of the government of Bangladesh and the International Finance and Investment Company Limited (IFIC) in the bank's founding and extended his gratitude for the support.
At the function, President Solih presented plaques of appreciation to two founding members of the bank. He also presented awards to three long-serving employees of the company. The bank was inaugurated on November 11, 1982.