Bank of Maldives: Most Innovative Banking Team Indian Ocean 2016

The CFI.co judges have conferred on Bank of Maldives its win of the Most Innovative Banking Team Indian Ocean 2016 Award. Highlights of the judging panel’s findings:

• Since its founding in 1982, the Bank of Maldives has driven the nation’s financial services industry with innovation and technology.
• Bank of Maldives maintains a state-of-the-art technology platform that allows the institution to offer its around 265,000 clients both convenience and excellence in the delivery of financial services.
• A client-centric business, Bank of Maldives aims to exceed customers’ expectations.
• Reaching into the far corners of the vast archipelago nation, Bank of Maldives operates a robust and fully interconnected network of branches, agents, and point of sales services that blankets the country.

The judging panel’s full report:

Bank of Maldives: Most Innovative Banking Team Indian Ocean 2016

Boasting an exceptionally strong capital position well in excess of regulatory requirements, Bank of Maldives has established a solid reputation both at home and abroad. The bank has been in business since 1982 and is listed on the Maldives Stock Exchange (MSE:BML). Following the divestment of founder partner IFIC Bank of Bangladesh in 1992, the country’s government assumed a majority shareholding.

Since its founding, Bank of Maldives has driven the nation’s financial services industry with innovation and technology. The bank accumulated an impressive number of firsts such as the introduction of point of sale terminals, Internet and mobile banking, and cash and cheques deposit machines. Bank of Maldives maintains a state-of-the-art technology platform that allows the institution to offer its around 265,000 clients both convenience and excellence in the delivery of financial services.

Reaching into the far corners of the vast archipelago nation, Bank of Maldives operates a robust and fully interconnected network of branches, agents, and point of sales services that blankets the country. Bank of Maldives is the country’s largest employer in the financial sector and counts with over 850 professionals and support staff of whom one third are based outside the capital Malé.

A client-centric business, Bank of Maldives aims to exceed customers’ expectations. Since its corporate inception, Bank of Maldives has strived to reach out to clients via a multichannel approach: account holders, and others conducting business with or at the bank, may do so in a number of convenient ways that complement, rather than detract from, their daily pursuits.

The CFI.co judging panel commends Bank of Maldives on its accomplishment of a most challenging mission: to provide world class financial services in a country comprised of 1,192 coral islands in twin chains of atolls dispersed over some 90,000km² of ocean. Building a financial network that covers this unique geographic setting is a remarkable feat; doing so with aplomb and efficiency merits recognition. The judges are therefore pleased to offer Bank of Maldives the 2016 Most Innovative Banking Team Indian Ocean Award.

About Bank of Maldives

Bank of Maldives is proud to be the national bank of the Maldives. The bank touches the lives of almost every citizen of the country through its extensive network of branches, ATMs, and online banking facilities. This privilege brings with it great responsibility which the banks takes extremely seriously.

Bank of Maldives understands that the institution plays a pivotal role as an engine of growth and a partner for success for thousands of individuals, families, and businesses. Its aim is to participate actively in community development and to create long-term value for shareholders.

Bank of Maldives’ strategic pillars are financial inclusion, customer service, and support for business. The bank’s strategic foundations are people excellence and robust risk management.

The bank is firmly focused on being a professionally managed, customer-oriented, financially robust organisation which follows international best practices.

Bank of Maldives
11, Boduthakurufaanu Magu
Henveiru
Malé
Maldives

Telephone: +960 333 0200
E-mail: customerservice@bml.com.mv
URL: www.bankofmaldives.com.mv

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