Commercial Bank of Maldives – CBM
Commercial Bank of Maldives (CBM) is the 8th Bank to be established in the Maldives. CBM commenced operations on 26th September 2016, catering for Personal, SME and Corporate customers. CBM is a joint venture between the Commercial Bank of Ceylon Plc. (CBC) holding a majority stake off 55% and with the remaining stake held by Tree Top Investments Pvt. Ltd. (TTIL). This joint venture was formed with the hopes of combining the local knowledge and experience of TTIL and the banking expertise of CBC to provide reliable, innovative and customer friendly services to customers.
CBM’s vision is to be the trusted financial solutions partner for growth and delivering excellence in Service Quality. CBM recognizes the challenges in the banking sector in Maldives due to the geographical dispersion and the limited access of banking services to all residents and businesses. Therefore CBM envisages to implement technological solutions to bridge the gap and accessibility to banking services thereby supporting the growing needs of businesses and consumers in the country.