Bank of Maldives has recorded its best-ever performance in 2023 with Profit After Tax (PAT) of MVR 2.07 billion.

With this, the Bank's Board of Directors has recommended that the highest-ever dividend payout of MVR 50 per share be approved at the Bank’s next Annual General Meeting.

The Bank’s CEO and Managing Director Karl Stumke said that he was pleased to report this record performance for the Bank, which also marks the first time the Bank has crossed MVR 2 billion.

He said that as a result, the Board has proposed a total dividend payout of MVR 269 million which is the highest for its shareholders in the Bank’s history.

“I would like to thank the Board of Directors for their guidance and stewardship over the year, for continuing to put our customers first while we operate with the added responsibility of ensuring the stability of the financial sector in the Maldives. My sincere appreciation for our staff spread across the country for their hard work and of course, to our shareholders for having faith in our journey.”
Karl Stumke, BML's CEO and Managing Director

Karl added that the Government, as the bank's biggest shareholder, also benefits with MVR 136.6 million as dividends and a further MVR 628 million as tax for 2023.