Regulatory Alerts2025-05-25
Circular CN/2025/11472: Submission of Bank's Strategic Plan and Budget
The Maldives Monetary Authority mandates that all banks submit their strategic plans and annual budgets by December 31 of each year. The strategic plan must detail five-year goals across product, operational, risk, innovation, human resources, and sustainability areas, alongside financial projections and key performance indicators. Additionally, the annual budget requires key business assumptions, income statements, balance sheets, capital expenditure projections, and target financial ratios.
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