Continuing its steady upward trajectory, Bank of Maldives (BML) has released its financial results for the third quarter of 2025, showcasing a robust performance driven by sustained economic activity and strategic investment across the country.
BML recorded an operating profit of USD 51.3 million for Q3 2025, maintaining the momentum of the previous quarter and marking a 10 percent increase over the same period last year, when the operating profit was USD 46.6 million. Despite a marginal year-on-year dip in net profit, USD 30.8 million compared to USD 31.9 million in Q3 2024, the figures reflect the Bank’s continued operational strength and efficiency, backed by strong fundamentals and prudent financial management.
As of the end of the quarter, the Bank’s asset base reached USD 3.34 billion, while customer deposits totaled USD 2.19 billion. BML’s capital adequacy remains well above regulatory thresholds, reinforcing its position as the country’s most stable financial institution. Year to date, the Bank has disbursed USD 421.5 million in new loans to individuals and businesses, reflecting its ongoing support for economic activity in all sectors of society.
BML’s Chief Executive Officer and Managing Director, Mohamed Shareef, highlighted the Bank’s broader mission beyond financial results. He reaffirmed the institution’s dedication to community empowerment, local business support, and equitable national development. Emphasizing confidence in the Bank’s performance outlook, Shareef noted that the positive trajectory is expected to continue through the rest of the year.
In addition to strong financial performance, Q3 marked notable progress in the Bank’s service accessibility and innovation. One of the standout milestones this quarter was the successful completion of the “Mulhi Raajje ah BML ATM” project. Launched in February 2025, the initiative saw the establishment of Self-Service Banking ATMs in 105 islands within just nine months, enhancing access to essential banking services in remote communities across the country.
Further expanding its service portfolio, BML also announced the acquisition of the SME Development Finance Corporation (SDFC). Under this initiative, SDFC is being transformed into a fully Shari’ah-compliant, digital-first subsidiary focused on empowering Micro, Small, and Medium Enterprises (MSMEs). By leveraging technology, the Bank aims to widen access to inclusive financing opportunities, particularly for underserved entrepreneurs in the country.
With a footprint on every inhabited island, BML continues to serve as the backbone of the Maldivian financial landscape. Through a growing network of branches, digital banking platforms, self-service banking centers, ATMs, and authorized cash agents, the Bank remains dedicated to fostering inclusive growth and supporting the country’s broader economic and social development goals.
For foreign visitors and investors seeking confidence in the local financial ecosystem, BML’s continued stability and innovation reflect the strength of Maldives’ financial infrastructure a reassuring factor in one of the world’s most sought-after tourism and investment destinations.
advertisment
advertisment
