Bank of Maldives (BML) has announced its financial results for the second quarter of 2025, with an Operating Profit of USD 51.2 million, marking a 13 percent increase compared to the same period last year.
BML in a statement said the bank’s Net Profit reached USD 36.2 million, representing a substantial 24 percent increase year-on-year.
As of the end of the quarter, BML’s total assets stood at USD 3.3 billion, with a loan book of USD 1.4 billion and deposits of USD 2.2 billion.
Year-to-date, BML has lent USD 194.6 million in new loans and finances to individuals and businesses while 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 expressed delight on the strong financial performance for the quarter, which he said reflects the dedication of the team and the effectiveness of its strategic direction.
“Our commitment to expanding reach, fostering sustainable practices and enhancing customer convenience remains paramount, driving both our profitability and our positive impact on the nation,” he said.
During the quarter, BML held its Annual General Meeting, where shareholders approved a record dividend payout of USD 19.2 million, equivalent to USD 3.6 per share.
The Bank also made significant progress on strategic initiatives, including the "Mulhi Raajje ah BML ATM" project with ATMs installed in all islands of Noonu, Meemu, Shaviyani as well as Kaafu Atoll 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.
With a nationwide network of 40 branches across all 20 atolls, 133 Self Service Banking Centres, 188 ATMs, Agent Banking Service and a full suite of Digital Banking services, BML assures its commitment to supporting individuals, businesses and communities across the Maldives.