Company
Commercial Bank of Maldives (CBM)
In the news, last 90 days
Economy
CBM re-auctions Malé land plots following loan repayment defaults
Commercial Bank of Maldives announced a third auction of two Malé land plots, Maafannu Doragali 2 and Maafannu Doragali 3, after the owner defaulted on loan repayments. The bank set a combined minimum reserve price of MVR 3.8 million, with bids due by 2:00 pm on November 1.
Economy
A decade of innovation: CBM powers up local enterprises with new Visa business cards and upgraded mobile app
The Commercial Bank of Maldives (CBM) celebrated a decade of operations with a commemorative gathering, during which it launched two new business payment cards in partnership with Visa — the Visa Business Debit Card and the Visa Corporate Credit Card — and debuted myCBM, a digital banking app for retail customers replacing the bank's previous mobile platform.
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