Bank of Maldives (BML) reports MVR 260 million as net profit for the first quarter of 2017. This is a 23% increase compared to the same period of last year.
BML reported that business volumes across key sectors and loan book quality was robust in the first quarter, and that capital and liquidity ratios finished the quarter well in excess of regulatory requirements.
BML reported the company's highlights for the first quarter as the launching of their branding campaign 'Aharenge Bank', establishment of 3 new branches in the Atolls, launching of self service banking facilities at Haa Alifu Hoarafushi, Haa Alifu Ihavandhoo and Laamu Gan, launching of self service banking facilities at Haa Alifu Hoarafushi, Haa Alifu Ihavandhoo, Laamu Gan, Gnaviyani Fuvahmulah, Laamu Fonadhoo, Seenu Gan and Seenu Hithadhoo and the launching of contact centres in Addu City’s Hithadhoo.