DBM begins hiring again, announcing marketing vacancy while operations remain pending

The Development Bank of Maldives (DBM), established by the government to finance infrastructure and economic development projects, has opened applications for a Marketing Executive.

According to Thursday’s announcement, the position is a full‑time, one‑year renewable contract based in Male'.

The role includes managing DBM’s presence on social media and the bank’s website, planning events, drafting press releases, strengthening media relations, and running marketing campaigns.

Applicants must hold a Diploma or Advanced Certificate in Marketing and Communications or Business Administration, along with A‑Level English. Preference will be given to candidates with a degree in the same fields.

The bank is seeking candidates with at least five years of relevant experience, including hands‑on experience managing social media platforms and executing marketing campaigns.

The salary range for the executive‑level position is MVR 20,000 to 30,000, with the final amount determined based on qualifications and experience.

Applications must be submitted via email to [email protected] by 6:00 pm on Sunday.

DBM had previously announced recruitment for 13 positions, including 10 managerial roles, in December last year. The vacancies included front office executive and marketing executive posts, as well as internal audit manager, legal manager, credit and risk manager, HR and administrative manager, IT manager, two compliance managers, and three finance managers.

According to the announcement, salaries for manager‑level roles range from MVR 35,000 to 45,000, while executive‑level roles fall between MVR 20,000 and 30,000.

The establishment of a development bank was a key presidential pledge. DBM was inaugurated on November 16, 2024, at STO’s Allied Building, where the bank pays MVR 75,892 in monthly rent. However, the bank has yet to officially launch its services.

Economic Minister Mohamed Saeed has stated that DBM will become operational, though no date has been announced.

The Auditor General’s Office’s 2024 report shows the bank incurred a MVR 2.3 million loss in its first year, during which no services were provided.