The Bank of Maldives (BML) has announced its strongest financial performance to date, recording a Profit After Tax of MVR 2.5 billion for 2025, marking a 10 percent increase compared to the previous year.
Addressing shareholders at the Bank’s Annual General Meeting held on Saturday night, CEO and Managing Director Mohamed Shareef outlined a year of historic achievements, underscoring the institution’s continued growth, digital transformation, and nationwide impact.
According to the Bank, its net loan portfolio expanded by 25 percent, reaching MVR 25.2 billion. Total assets rose to MVR 55.8 billion, while customer deposits climbed to MVR 37.2 billion, reflecting sustained confidence from customers across the Maldives.
BML’s financial strength was further reinforced by a Capital Adequacy Ratio of 48.1 percent, significantly exceeding regulatory requirements, alongside a stable liquidity position supported by prudent risk management practices.
Speaking at the AGM, Shareef described 2025 as a defining year for the Bank.
“2025 was not just a year of record profits, it was a year where we strengthened our role as the true national bank, driving economic growth and deepening financial inclusion across every corner of the Maldives,” he said.
He emphasized that the Bank’s success extends beyond financial metrics, highlighting its tangible contributions to individuals, businesses, and communities nationwide.
The CEO reaffirmed BML’s strategic direction, anchored on three key pillars: a digital-first approach, enhanced customer service, and a strong commitment to sustainability and responsibility.
“In a rapidly evolving landscape, we are investing in the future by strengthening digital capabilities, improving customer experience, and enhancing operational efficiency,” Shareef noted.
He added that these efforts are designed to ensure long-term sustainability while enabling continued investment in customers, employees, and the broader economy.
Concluding his remarks, Shareef expressed gratitude to the Bank’s customer base of over 390,000, as well as its employees, shareholders, and Board of Directors, acknowledging their role in the Bank’s continued success.
He also conveyed confidence that the Bank is well-positioned to sustain its strong performance into 2026, further solidifying its role as the “Bank of the People.”
