Bank of Maldives (BML) has highlighted a year of exceptional financial performance, national reach and strategic progress at its Annual General Meeting held last night, where CEO and Managing Director Mohamed Shareef addressed shareholders on the Bank’s achievements and outlook following what he described as the most successful year in the institution’s 43-year history. The meeting reflected BML’s continued position as a leading financial institution in the Maldives, with strong results supported by business expansion, digital development and a sustained commitment to customers and communities across the country.
During the meeting, Shareef outlined that the Bank recorded a Profit After Tax of MVR 2.5 billion, marking a 10 percent increase compared to the previous year. The strong performance was driven by a 25 percent expansion in the Bank’s net loan portfolio, which reached MVR 25.2 billion. BML’s total assets surpassed MVR 55.8 billion, while customer deposits rose to MVR 37.2 billion, reflecting continued confidence from individuals, families and businesses that rely on the Bank for financial services. The results also demonstrated the Bank’s solid financial foundation, supported by strong risk management, a Capital Adequacy Ratio of 48.1 percent, well above the regulatory requirement, and a stable liquidity position.
Addressing shareholders, Shareef said 2025 was not only a year of record profits, but also a year in which the Bank further strengthened its role as the true national bank by supporting economic growth and deepening financial inclusion across the Maldives. He noted that the Bank’s success is measured not only by financial performance, but also by its tangible impact on the lives of Maldivians and on the businesses that contribute to the country’s economy. His remarks reflected BML’s broader role in national development, particularly as a financial institution serving communities across dispersed islands while supporting key sectors and everyday banking needs.
Shareef also reaffirmed the Bank’s strategic direction, centered on its three core pillars of Digital First, Customer Service Excellence, and Sustainability and Responsibility. He said that in a rapidly changing environment, the Bank is continuing to invest for the future by improving customer experience, expanding digital capabilities and strengthening operational efficiency. These priorities, he said, are intended to support long-term sustainability while enabling continued investment in employees, customers and the nation, reinforcing BML’s identity as the “Bank of the People.” The emphasis on digital transformation was especially significant, as it signals the Bank’s intention to further modernize services and enhance accessibility for customers throughout the Maldives.
The Bank’s latest results also underline its importance within the country’s financial landscape at a time when reliable banking services, access to financing and innovation in digital platforms remain essential to national progress. By combining profitability with prudent risk management and customer-focused investment, BML has continued to build trust in the market while positioning itself for further growth. Its expanding loan portfolio and rising deposit base illustrate the Bank’s active role in supporting households, entrepreneurs and established businesses, while its strong capital and liquidity levels demonstrate resilience and readiness for future opportunities.
Concluding his remarks, Shareef thanked the Bank’s more than 390,000 customers, dedicated employees and shareholders for their continued trust and support. He also expressed sincere appreciation to the Chairperson and Board of Directors for their guidance and stewardship. Looking ahead, he said the Bank is well-positioned for another year of strong performance in 2026, signaling confidence in BML’s continued growth trajectory and its ability to deliver lasting value to customers, shareholders and the wider Maldivian economy.
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