The year 2025 marked a defining period for Bank of Maldives, characterised by strategic growth, innovation, and an unwavering commitment to customers, communities, and employees.
Voice.mv
The Bank of Maldives (BML) reported strong results for the fourth quarter of 2025, with an Operating Profit of MVR 828.7 million. Net Profit for the quarter amounted to MVR 837.5 million, reflecting a 76.2 percecnt quarter-on-quarter increase.
Unaudited results for the year 2025 show the Bank’s gross income exceeding MVR 5.5 billion, reflecting a 16.1 percentage increase compared to 2024 and a record Profit Before Tax of MVR 3.2 billion, up 10 percent compared to 2024. Total assets exceeded MVR 55.7 billion, representing a 15 percent increase compared to last year, demonstrating the Bank’s continued balance sheet strength. With this growth, the Bank maintained a healthy Cost-to-Income ratio of 27 percent.
During the year, the Bank disbursed MVR 10 billion in new loans to individuals and businesses. Capital and liquidity ratios remain strong and well above regulatory requirements.
We were pleased to close 2025 with strong fourth-quarter results, highlighting the strength of our strategic focus and the continued commitment of our people. Growth across our core business lines, coupled with disciplined risk management, has enabled us to deliver solid financial results while maintaining a strong balance sheet. We remain committed to supporting individuals, businesses, and communities across the Maldives as we continue to drive sustainable growth.
The year 2025 marked a defining period for Bank of Maldives, characterised by strategic growth, innovation, and an unwavering commitment to customers, communities, and employees. The Bank delivered strong progress across financial inclusion, digital innovation, and national development, marked by the launch of Green Resort Financing, Hiyavehi Financing at a preferential 5 percent in partnership with the Ministry of Construction, Housing and Infrastructure, of equity for home purchase loans to 5%, alongside the establishment of BML Affordable Home Leasing Pvt Ltd.
The Bank expanded nationwide access by opening its 40th branch in R. Dhuvaafaru and completing the ‘Mulhi Raajje ah BML ATM’ project, achieving a BML presence in all inhabited islands. Digital and payment innovations advanced with the introduction of online applications for all services, unveiling of the Swipe digital wallet, Visa Platinum Debit Card, Visa Infinite Credit Card, and Indian Rupee and Chinese Yuan accounts. Strategic partnerships with Visa, Amex, Alipay+, Weixin Pay, UnionPay, and Mastercard further strengthened the Maldives’ digital payments ecosystem. The year also saw the launch of the BML Student Card, Masveriyaa Portal for financing fishermen, ENV POS initiative for environmental protection and ocean conservation, Experience Maldives campaign with Amex, the acquisition of SDFC (now SME Digital) to enhance the SME offerings, reduction of merchant fees to 1 percent to support businesses, and prestigious recognition from Qorus and Mastercard for excellence in financial inclusion and digital transformation.
As the nation’s leading financial institution, Bank of Maldives operates an extensive nationwide network of 42 branches across all 20 atolls, 267 ATMs, Self-Service Banking ATM Centres on every inhabited island, and advanced digital banking platforms. The Bank remains dedicated to supporting communities through innovative solutions and expanded service access.
