Pension made usable for down payment on CBM’s home loan

6 years ago

Commercial Bank of Maldives (CBM) and Maldives Pension Administration (MPAO) has signed an agreement, making money saved in the Pension Fund usable for down payments on CBM’s home purchase loan. The agreement was signed this Monday by CEO and Managing Director of CBM, Dilan Rajapakse and CEO of MPAO, Mohamed Hussain Manik. Under the agreement, down payment for CBM’s home loan can