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2 clusters · 4 sources · 9 days · First seen · Last updated

Bank of Maldives institutional developments

Overview

The Bank of Maldives (BML) has achieved international recognition and expanded its local entrepreneurship initiatives. The institution was included in the inaugural Forbes World’s Top Performing Banks 2026 list, specifically placed in Tier 6 for banks with assets between USD 3 billion and USD 10 billion. CEO Mohamed Shareef noted that the ranking confirms the bank is “well-capitalized and resilient.”

In addition to its global ranking, the bank has focused on supporting local businesses. Following the successful completion of ‘The Island Factory’ project—a tuna jerky producer supported by a previous startup grant—BML launched its 2026 Startup Grant programme. This initiative offers MVR 1 million in non-repayable funding, split between two winners, alongside one year of mentorship to assist new Maldivian entrepreneurs.

Entities

Bank of Maldives · Mohamed Shareef · Statista · The Island Factory · Forbes

Timeline

  1. [BUSINESS] 2 sources
    Bank of Maldives opens MVR 1 million startup grant applications

    Bank of Maldives has opened applications for its 2026 Startup Grant, offering two entrepreneurs MVR 500,000 each plus one year of mentorship to support new or expanding businesses.

  2. [BUSINESS] 2 sources
    Bank of Maldives recognized in Forbes global ranking

    Bank of Maldives has been included in the inaugural Forbes World’s Top Performing Banks 2026 list and reported the successful expansion of The Island Factory, a startup supported by its grant program.

Sources

corporatemaldives.com · hoteliermaldives.com · see.mv · standard.mv