Bank of Maldives BML has posted its financial performance for the third quarter of 2022 with a Net Profit After Tax of MVR 367 million and an Operating Profit of MVR 694 million, a 17 percent increase over the previous quarter.
BML said that business volumes across all key sectors were robust whilst maintaining a quality loan portfolio. It said that capital and liquidity ratios are well above regulatory requirements and the Bank expects to close the year strongly.
The Bank continues to support local communities and opened two new Self Service Banking Centres in H.A Filladhoo and Vashafaru.
Celebrating its 40th Anniversary, the Bank continued its 12 high-impact monthly community initiatives by announcing its commitment to establish a dedicated Oncology Ward at Indira Gandhi Memorial Hospital (IGMH), supporting the upgrade of the National Museum and its Sports Scholarship program.
Commenting on the results, BML CEO, Karl Stumke, said this quarter’s financial performance is encouraging with all core business lines performing well.
BML has a nationwide network of 35 branches across all 20 atolls, 82 Self Service Banking Centre’s, 140 ATMs, 7,900 Point of Sale merchants, over 200 agents, and a full suite of Digital Banking services.