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03rd June 2021

Bank of Maldives and HDC sign MoU to operate City Bike Project in Hulhumale'

English Dhivehi

Bank of Maldives has today signed a Memorandum of Understanding (MOU) with Housing Developing Corporation (HDC) to implement and operate a city bike rental project in Hulhumale’.

The project will see 300 rental bikes being introduced to Hulhumale’ which will be available for the general public to rent and ride across the island at a low cost. Multiple docking stations will be available in strategic locations to provide adequate parking spaces for the bikes, and the rental system will be equipped with digital payment capabilities.

Bank of Maldives is funding the project which will be operated in partnership with HDC.

Commenting on the project, Bank of Maldives CEO and Managing Director, said “We look forward to implementing this project which will be the first of its kind bike rental program available for residents and visitors in Hulhumale’. In addition to being a clean and environmentally friendly means of transport, bicycles are a part of living a healthy lifestyle. It’s also fitting that we are announcing this on World Bicycle Day this year.”

With a nationwide network of 35 branches across all 20 atolls, 71 Self Service Banking Centres, 132 ATMs, over 200 agents and a full suite of Digital Banking services, Bank of Maldives is committed to supporting individuals, businesses and communities across Maldives.


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