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Maldives Launches First Development Bank

President Mohamed Muizzu officially inaugurated the Development Bank of Maldives (DBM), the nation's first development bank, which will be headquartered at the Allied Building across Malé's Independence Square. The Maldives Monetary Authority granted the bank its operating licence on 31 October 2024, requiring it to begin operations before 12 October 2025.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures4as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

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  • before 12 October 2025 Deadline for DBM to begin operations after licence grant Maldives Republic The Maldives Monetary Authority (MMA) granted DBM its operating licence on 31 October this year, requiring it to begin operations before 12 October 2025.

    Word for word from the report in Maldives Republic. Open the report

  • 16 May Date DBM establishment declared Maldives Republic he declared the establishment of the “Development Bank of Maldives Limited” on 16 May this year.

    Word for word from the report in Maldives Republic. Open the report

  • 31 October Date MMA granted DBM operating licence Maldives Republic The Maldives Monetary Authority (MMA) granted DBM its operating licence on 31 October this year, requiring it to begin operations before 12 October 2025.

    Word for word from the report in Maldives Republic. Open the report

  • more than 25 years Years of international finance experience of board chairman Maldives Republic Goonetilleke is a Sri Lankan-born banking professional from Singapore with more than 25 years of experience in international finance.

    Word for word from the report in Maldives Republic. Open the report

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