In order to encourage resort investments in environmentally friendly methods, Bank of Maldives (BML) has introduced its Green Resort Financing program.
The new financing facility was introduced by Hussain Afeef, Chairman of Crown and Champa Resorts, together with Mohamed Shareef, CEO and Managing Director of the Bank, at the Maldives Association of Tourism Industry (MATI) Annual General Meeting on 9th February 2025.
Resorts can use the Green Resort Financing program from BML to finance the implementation of sustainable business practices, such as waste management, reforestation, energy-efficient equipment, and coastal conservation.
Important aspects of Green Resort Financing:
- Overdraft facility up to MVR 50 million
- A competitive 6.5% annual percentage rate
- Flexible card collections for repayments
Shareef reaffirmed the bank’s dedication to assisting the travel and tourism sector during his remarks at the event. He stated, “as the largest and the leading bank in the country, we are here to support our tourism industry with tailored banking and payment solutions. The Green Resort Finance facility is designed to provide resorts with the financial flexibility needed to implement sustainable solutions while ensuring operational efficiency.”
Bank of Maldives (BML) is the top financial company in the Maldives. They are a full-service bank that provides every type of financial service for individuals, businesses, and corporations. Their goals are to generate long-term profit for our shareholders and to actively engage in community development. They pride themselves on being an organization that is customer-focused, professionally managed, and adheres to global best practices.
