Bank of Maldives (BML) on Sunday announced a major expansion of its nationwide presence and services which will include the creation of 150 new jobs within the next twelve months. Half of the new positions will arise in the atolls, with the rest in the Male’ region, it said
The bank said its employees would increase from 850 to 1,000 under the plan while its network of branches will grow from 29 to 36, subject to regulatory approval. Further positions will be established in a new contact centre in Addu and a new customer service centre in Male’, BML said, and it will also invest in 10 new CSR projects across the country as it doubles its overall investment in local communities.
BML made these announcements as it released its financial results for Quarter 3 2016 where it reported satisfactory performance in terms of business volumes, loan book quality and profitability.
22 different islands are set to benefit from a new branch, business centre or ATM, while the 10 new CSR projects will focus on charitable, educational, sports and environmental causes across the country, BML said, and it will invest an estimated MVR 300 million over the next year.
BML CEO and Managing Director, Andrew Healy said they were delighted to be in a position to increase the community investment and to create such a significant number of new jobs. “Our financial performance has steadily improved over recent years and we have been consistent in increasing our investments in parallel. I would like to thank our committed staff and loyal customers for creating the platform for us to invest in this way,” he added.
BML has a nationwide network of 29 branches across all 20 atolls, 76 ATMs, 3,900 Point of Sale merchants, 187 cash agents, 16 Self Service Banking Centres and 5 Dhoni Banking Units, as well as a full suite of Digital and Online Banking services. The Bank’s results today showed a profit after tax of MVR755 million for the nine months to end September.