President Ibrahim Mohamed Solih stated on Thursday that the Bank of Maldives PLC (BML) had played a pivotal role in invigorating and boosting the Maldives' economy. He made these remarks while speaking at the gala dinner held to celebrate the 40th anniversary of BML.
First Lady Fazna Ahmed, Vice President Faisal Naseem, and other state dignitaries attended the function held at CROSSROADS Maldives.
Speaking at the event, the President stated that over the past 40 years, BML had contributed immense positive changes towards national development and invigorated the economy, especially in the fisheries, tourism, and infrastructure development sectors.
Highlighting the bank's role in facilitating the administration's financial services, President Solih 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.
The President also spoke about the bank's founding and the country's banking system. He acknowledged the support of Bangladesh's government in the bank's founding and extended his gratitude to the Bangladeshi government and its International Finance and Investment Company for their support towards this end.
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.
