BML financially strong despite challenges: MMA

Central bank Maldives Monetary Authority (MMA) has issued a statement today saying that although there are challenges in managing Bank of Maldives (BML)'s card transactions, the bank remains in a strong financial position

MMA said that although BML reduced its foreign transaction limit on its debit and credit cards today, the bank was advised to reverse the decision as it was not a favourable change for individuals and businesses.