BML posts MVR 791M operating profit for Q3, a 10% increase compared to last year

Bank of Maldives (BML) has posted an operating profit of MVR 791 million for the third quarter of this year, on part with the previous quarter and up by 10 percent over the same period last year.

BML saw sustained growth in the third quarter as per the quarterly report published by the bank. In this regard, the bank recorded an operating profit of MVR 791 million for the third quarter of this year, on par with the previous quarter and up by 10 percent over the same period last year. Net profit for the quarter stood at MVR 475 million.

The Bank’s loan portfolio has continued to grow steadily, with MVR 6.5 billion in new loans issued to individuals and businesses so far this year. By the end of the quarter, total assets stood at MVR 51.5 billion, while customer deposits reached MVR 33.7 billion. The Bank’s capital adequacy remains comfortably above regulatory thresholds, underscoring its strong financial standing.

Reflecting on the results, BML CEO and Managing Director Mohamed Shareef said, “We take great pride not only in our strong financial performance but also in our steadfast commitment to building the nation’s future—by empowering communities, supporting local enterprises, and fostering inclusive economic growth. We are confident that this positive momentum will carry through the rest of the year.”

Throughout the quarter, the Bank continued to expand its nationwide footprint, improving access to financial services across all regions. In October 2025, it successfully completed the “Mulhi Raajje ah BML ATM” initiative, launched in February 2025, establishing Self-Service Banking ATMs on 105 islands within just nine months.

Additionally, the Bank announced the acquisition of the SME Development Finance Corporation (SDFC) during the quarter. Under this strategic initiative, SDFC will be transformed into a Shari’ah-compliant, digital-first subsidiary, leveraging technology to enhance access to finance for Micro, Small, and Medium Enterprises (MSMEs).

With operations spanning every island in the Maldives, Bank of Maldives continues to strengthen its role as the nation’s premier financial institution. Through its extensive network of branches, self-service banking centers, ATMs, cash agents, and digital-first strategy, the Bank remains dedicated to empowering individuals, businesses, and communities nationwide.