- Bank assets at MVR 150 million
- State of the art services
- Two ATMs in addition to main branch
President Abdullah Yameen today opened by the Commercial Bank of Maldives (CBM).
CBM's Chairman Champa Hussain Afeef presented President Yameen with a commemorative plaque in the opening ceremony.
Bank's CEO and MD Dilan Rajapaksa said that CBM will work to provide benefits to the local economy. He said the bank will boost the existing relationship between Maldives and Sri Lanka. He assured the Commercial Bank will provide innovative banking solutions to the market.
"All our products are designed with the local market in mind," he said.
CBM was opened with an asset base of MVR 150 million, with Tree Top Investments owing 45 percent of shares and 55 percent shares owned by Sri Lanka's Commercial Bank. The bank is located in H. Filigasdhoshuge, with two ATMs.
Champa Hussain Afeef had handed over account opening documentation to the first five accounts registered in the Bank. Ibrahim Umar Manik, Damas, Sonee Group and Think Associates were the first five parties to open accounts in the Bank.
Commercial Bank operates branches in many Asian nations and in Italy.
