Bank of Maldives (BML) has reported a robust financial performance for the second quarter of 2025, with operating profit reaching MVR 790 million — a 13% increase compared to the same period last year. The bank’s net profit surged to MVR 558 million, reflecting a substantial 24% year-on-year growth, reinforcing its position as the country’s leading financial institution.
By the end of Q2, BML’s total assets stood at MVR 51 billion. The loan portfolio reached MVR 21.3 billion, while customer deposits totaled MVR 33.6 billion. The bank disbursed MVR 3 billion in new loans and financing facilities during the first half of the year, supporting individuals and businesses across various sectors. Both capital adequacy and liquidity ratios remained comfortably above regulatory thresholds, underscoring the institution’s financial resilience.
Commenting on the performance, CEO and Managing Director Mohamed Shareef credited the bank’s sustained momentum to its strategic direction and the dedication of its workforce. “We are delighted to deliver another strong quarter. Our focus on expanding access, embedding sustainability, and enhancing convenience continues to drive profitability while creating long-term value for the nation,” he said.
In a landmark move during the quarter, BML secured shareholder approval for a record dividend payout of MVR 296 million — equivalent to MVR 55 per share — at its Annual General Meeting.
Operationally, the bank made significant progress in its nationwide expansion through the “Mulhi Raajje ah BML ATM” initiative, with ATM installations completed in every inhabited island of Noonu, Meemu, Shaviyani, and Kaafu Atoll Huraa. Additionally, BML launched an industry-first initiative — the ENV POS program — aimed at supporting environmental sustainability. Through this initiative, a portion of revenue from each POS transaction will be allocated to environmental projects nationwide, without incurring any extra cost for merchants or customers.
With an expansive network comprising 40 branches across all 20 atolls, 133 self-service banking centers, 188 ATMs, and widespread agent and digital banking services, BML continues to play a central role in advancing financial inclusion and economic growth throughout the Maldives.
As the country’s banking sector evolves, Bank of Maldives remains at the forefront of innovation and community engagement — delivering not just profits, but purposeful impact.
