Bank of Maldives (BML) CEO and Managing Director, Mohamed Shareef, announced a significant 70 percent increase in dollar sales last year compared to the preceding year. Speaking on PSM’s “Raajje Miyaadu” program, Mr. Shareef revealed that BML sold a total of $565 million to individuals and businesses in 2025.

The latest figures underscore the bank’s commitment to facilitating international transactions for its customers, particularly following positive adjustments to card limits. In 2025, the aggregate value of overseas transactions made through BML cards, encompassing ATM, POS, and e-commerce platforms, reached an impressive $524 million. This represents an increase of over $200 million compared to the previous year.

Furthermore, BML significantly enhanced its support for businesses by increasing the dollar allocation for Telegraphic Transfers (TT) from 5 percent to 50 percent last year. Previously, only 5 percent of the required TT amount for businesses was facilitated in dollars.

Mr. Shareef affirmed that these strategic improvements have yielded tangible benefits for the bank, businesses, and the general public alike, fostering greater ease and efficiency in financial dealings.