The Bank also made significant progress on strategic initiatives, including the "Mulhi Raajje ah BML ATM" project with ATMs installed in all islands of Noonu, Meemu, Shaviyani, as well as Kaafu Atoll, Huraa.
Bank of Maldives
On 29 July 2025, the Bank of Maldives (BML) announced its financial results for the second quarter of 2025, with an Operating Profit of MVR790 million, marking a 13 percent increase compared to the same period last year. Net Profit reached MVR558 million, representing a substantial 24 percent increase year-on-year.
According to BML, as of the end of the quarter, total assets stood at MVR51 billion, with a loan book of MVR21.3 billion and deposits of MVR33.6 billion. Year-to-date, BML has lent MVR3 billion in new loans and finances to individuals and businesses. The Bank's capital and liquidity ratios remain strong and well above regulatory requirements.
We are delighted to report a strong financial performance for the quarter, which reflects the dedication of our team and the effectiveness of our strategic direction. Our commitment to expanding reach, fostering sustainable practices and enhancing customer convenience remains paramount, driving both our profitability and our positive impact on the nation.
During the quarter, BML held its Annual General Meeting, where shareholders approved a record dividend payout of MVR296 million, equivalent to MVR55 per share. The Bank also made significant progress on strategic initiatives, including the "Mulhi Raajje ah BML ATM" project with ATMs installed in all islands of Noonu, Meemu, Shaviyani, as well as Kaafu Atoll, Huraa. The Bank also introduced ENV POS, a first-of-its-kind environmental initiative in the Maldivian banking sector, where the Bank will contribute a portion of its earnings from every transaction made via its POS terminals to fund environmental projects across the country, at no additional cost to customers or merchants.
With a nationwide network of 40 branches across all 20 atolls, 133 Self Service Banking Centres, 188 ATMs, Agent Banking Service and a full suite of Digital Banking services, Bank of Maldives is committed to supporting individuals, businesses and communities across Maldives.
