Bank of Maldives (BML) has introduced its 'Green Resort Financing' facility, a landmark initiative designed to support resort investments in sustainable practices and environmental projects across the Maldives tourism sector.

The service was launched at the Maldives Association of Tourism Industry's (MATI) 35th Annual General Meeting, with BML's CEO and Managing Director Mohamed Shareef and Crown and Champa Resorts Chairman Hussain Afeef jointly inaugurating the initiative at Kurumba Maldives.

Under the new financing facility, resorts can access up to MVR 50 million at a competitive annual interest rate of 6.5 per cent. The programme targets environmentally conscious projects, including beach protection, energy-efficient equipment acquisition, tree planting, and waste management initiatives. BML has also introduced a short-term overdraft facility to provide easy access to working capital.

Speaking at the ceremony, Shareef highlighted BML's strong financial position and extensive banking network. He said that BML processes over 150 million financial transactions annually, with a total transaction value of approximately MVR 500 billion, including significant US dollar transactions supporting tourism businesses.

The bank has introduced additional features to streamline financial operations, including convenient repayment options through resort card machine revenue. To ensure seamless financial transactions, BML has expanded its services to include working capital solutions, business financing, and digital payment options. Corporate customers interested in the programme can obtain detailed information through their designated relationship managers.