Bank of Maldives today announced its financial results for the second quarter of 2025, with the Bank outperforming last same period last year.
BML stated that it recorded an Operating Profit of MVR 790 million, marking a 13 percent increase compared to the same period last year. Net Profit reached MVR 558 million, representing a substantial 24% increase year-on-year.
BML confirmed that as of the end of the quarter, total assets stood at MVR 51 billion, with a loan book of MVR 21.3 billion and deposits of MVR 33.6 billion.
It detailed that year-to-date, BML has lent MVR 3 billion in new loans and finances to individuals and businesses. The Bank's capital and liquidity ratios remain strong and well above regulatory requirements.
Commenting on the results, BML’s CEO and Managing Director, Mohamed Shareef, said that the Bank was delighted to report a strong financial performance for the quarter, which reflects the dedication of the team and the effectiveness of its strategic direction.
During the quarter, BML held its Annual General Meeting, where shareholders approved a record dividend payout of MVR 296 million, equivalent to MVR 55 per share.
The Bank also made significant progress on strategic initiatives, including "Mulhi Raajje ah BML ATM" project with ATMs installed in all islands of Noonu, Meemu, Shaviyani, as well as Kaafu Atoll, and Huraa. The Bank also introduced ENV POS, a first-of-its-kind environmental initiative in the Maldivian banking sector, where the Bank will contribute a portion of its earnings from every transaction made via its POS terminals to fund environmental projects across the country, at no additional cost to customers or merchants.
