Bank of Maldives is the national bank of the Maldives .
| Bank Maldives | |
|---|---|
 | |
| Year of foundation | November 11, 1982 |
| Location |  Male , Maldives , 1st Floor, Bank of Maldives Building, 11 Boduthakurufaanu Magu, Male 20094 |
| Key figures | Peter Horton, Abdulah Hassan |
| Site | www.bankofmaldives.com.mv |
History
The first bank appeared in the Maldives in 1982 - it was a branch of the State Bank of India . Later branches of banks in Pakistan and Sri Lanka appeared . On November 11, 1982, the commercial (but state) Bank of the Maldives was founded. His work began as a joint venture between the Government of Maldives and the International Finance Corporation . But in 1992, it was decided not to renew the contract with IFC, and the government bought back its shares in the bank. As a result, 80% of the capital is owned by the government, while the remaining 20% was sold to foreign trade companies [1] .
The main activity of the bank is the retail business , in addition to processing banking development activities in all atolls . Their services include electronic banking, credit cards and debit cards [2] .
Notes
- ↑ Asian countries. Maldives
- ↑ Bank of Maldives. Branches. (inaccessible link) . Date of treatment January 8, 2014. Archived on January 8, 2014.