Bank of Maldives’ Board of Directors has disclosed that MVR 107.6 million will be disbursed as dividends for the year 2016, at a rate of MVR 20 per share.
According to the statement released by BML, the total profit for the year 2016 exceeded MVR 2 billion, with MVR 538 million in profits during the last quarter alone. Dividends for the year 2015 was disbursed at MVR 17 per share, totaling MVR 91.4 million. The profits for the year 2016 show a clear increase of 18%.
The leading financial institution in Maldives, BML is a public limited company with majority ownership held by the Government of Maldives. BML is a full-service bank engaging across the complete spectrum of personal, business and corporate financial services, through an extensive network of branches, agents, relationship managers and online banking facilities.