Bank of Maldives (BML) and the Asian Institute of Chartered Bankers (AICB) have signed a Memorandum of Understanding (MoU) to further develop and advance the banking profession in the Maldives.

The agreement was signed today by BML's CEO and Managing Director, Mohamed Shareef, and AICB's Chief Executive, Edward Ling, during a special ceremony.

BML stated that under this agreement, opportunities will be opened to train Maldivians in the field of chartered banking.

Commenting on the partnership, a BML official said that the MoU marks the beginning of significant efforts to enhance the professional standards of banking in the Maldives in collaboration with AICB.

"Through this initiative, chartered banking programs and professional development programs will be conducted in the Maldives. As the national bank, developing and advancing human resources in this sector remains a top priority for us," the official noted.

As a provider of education and training in the banking sector, the BML Academy currently offers various professional programs and internship opportunities aimed at building expertise within the industry.