The quarter saw steady growth across core business areas with MVR1.7 billion in new loans to individuals and businesses, a 72 percent increase compared to Q1 2024.
The Maldives Journal
The Bank of Maldives (BML) has announced strong financial results for the start of the year, with Operating Profit of MVR698 million and Net Profit of MVR497 million in the first quarter.
The quarter saw steady growth across core business areas with MVR1.7 billion in new loans to individuals and businesses, a 72 percent increase compared to Q1 2024. The Bank’s net loan portfolio also grew by over MVR470 million while capital and liquidity levels remained robust, well above regulatory standards.
The Bank recorded its best-ever financial performance last year, and we are pleased to continue this momentum into the first quarter of 2025. Our solid financial position enables us to further our mission of expanding banking access and enabling growth for individuals, businesses and communities across the country.
With a nationwide network of 39 branches across all 20 atolls, 107 Self Service Banking Centres, 165 ATMs, Agent Banking services, and a full suite of Digital Banking solutions, Bank of Maldives is dedicated to serving individuals, businesses, and communities across the country.
