Commercial Bank of Maldives opens second branch in Hulhumalé | Sunday Observer

Commercial Bank of Maldives opens second branch in Hulhumalé

Dignitaries at the opening of the new branch (from left) Hussain Afeef, Chairman of CBM, Hon. Ahmed Naseer, Governor of the Maldives Monetary Authority, Dilan Rajapakse, Managing Director/Chief Executive Officer of Commercial Bank of Maldives and Mr Mohamed Moosa, Director of Tree Top Investments
Dignitaries at the opening of the new branch (from left) Hussain Afeef, Chairman of CBM, Hon. Ahmed Naseer, Governor of the Maldives Monetary Authority, Dilan Rajapakse, Managing Director/Chief Executive Officer of Commercial Bank of Maldives and Mr Mohamed Moosa, Director of Tree Top Investments

The Commercial Bank of Maldives (CBM), a subsidiary of the Commercial Bank of Ceylon PLC, recently opened its second branch in the Maldives, a little over a year since it commenced operations in the archipelago.

The new branch is located in Hulhumalé, the reclaimed island that is connected by road to the airport island of Hulhulé, which is part of the North Malé atoll.

It was formally declared open by the Governor of the Maldives Monetary Authority Hon. Ahmed Naseer in the presence of members of the senior executive team of the Authority and the Board of Directors of CBM.

Commercial Bank of Maldives commenced operations on 26th September 2016. Commercial Bank of Ceylon holds a majority stake of 55%, in the Bank, which is following a strategy of providing access to its services through the integration of modern technology and infrastructure to serve the growing consumer and business needs in the market. CBM has said it aims to be the most technologically advanced, innovative, customer friendly and most sought-after financial services organisation in the Maldives.

Tree Top Investments, the Maldivian partner in the joint venture with a stake of 45%, was founded in May 2013 by a group of successful shareholders in the Maldives, each with years of experience and success stories from diverse business sectors. 

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