Latest statistics unveiled by Bank of Maldives (BML) has revealed that the bank has earned strong financial results for the third quarter of 2017. As per the latest Quarterly Report, BML has earned a profit of USD 16 million, which is a 35% increase compared to that of the previous quarter.
BML revealed that the major increase in the profit margin is due to solid performance in all core business activities, a robust loan book and notwithstanding the bank's significant ongoing USD 19.5 million community investment programme. During the quarter, BML opened 3 new Self Service Banking Centres in the atolls and a new state-of-the-art Customer Service Centre in Male' city.
The Bank is firmly on track to meet its commitment to invest USD 19.5 million and create 150 new jobs by the end of the year. In the month of August, Bank of Maldives was recognised as one of the best places to work in the region when it received the Asia's Leading Employer Brand Award from the World HRD Conference and the Employer Branding Institute at a ceremony held in Singapore.
CEO and Managing Director BML, Andrew Healy stated that they are naturally pleased that our business has continued to leverage the positive momentum created during the first half of the year. Investments during the quarter demonstrate the commitment of the bank to make banking more accessible and to optimise customer service levels, highlighted CEO Andrew Healy. He credited the success of the bank to the loyal staffs and customers of the bank.
With a nationwide network of 34 branches across all 20 atolls, 31 Self Service Banking Centers, 90 ATMs, 4,600 Point of Sale merchants, 205 agents and a full suite of Digital Banking services, Bank of Maldives is committed to supporting individuals, businesses and communities across Maldives.