MIB records MVR 1.5 billion asset growth in just three months
MIB continues to strengthen its position as one of the most technologically advanced banks in the country.
MIB
The Maldives Islamic Bank (MIB) has announced that it has recorded strong growth in the third quarter of this year, with total assets increasing by MVR1.5 billion compared to the second quarter, reaching MVR14.95 billion.
According to MIB, the bank’s net profit for the quarter stood at MVR 92.39 million, while operating profit rose to MVR 138 million — an increase of MVR9 million from the previous quarter.
MIB also saw a notable rise in customer deposits, which grew by MVR1.02 billion to reach MVR12.11 billion. This consistent increase in deposits reflects the public’s growing confidence in the bank.
MIB continues to strengthen its position as one of the most technologically advanced banks in the country. It remains the only bank where customers can open an account instantly without visiting a branch.
In addition to its financial achievements, MIB actively engaged in community initiatives during the past quarter, including signing an agreement with Soneva Namoona to implement a waste management project in Baa Atoll.
