Bank of Maldives (BML) has reported another quarter of solid financial performance, underlining its position as the country’s leading financial institution. For the third quarter of 2025, the Bank recorded an operating profit of MVR 791 million, maintaining momentum from the previous quarter and marking a 10% increase year-on-year. Net profit stood at MVR 475 million, reflecting strong operational efficiency and profitability.
The Bank’s financial position remains robust, with total assets reaching MVR 51.5 billion and customer deposits totalling MVR 33.7 billion. Year-to-date, BML has disbursed MVR 6.5 billion in new loans to individuals and businesses. Capital adequacy continues to exceed regulatory requirements, reinforcing the Bank’s resilience and capacity for future growth.
BML CEO and Managing Director Mohamed Shareef said the Bank takes great pride not only in its strong financial performance but also in its commitment to shaping the nation’s future by empowering communities, supporting local businesses, and driving inclusive economic growth. He expressed confidence that the positive momentum will continue through the remainder of the year.
Strategic Developments
During the quarter, BML completed its “Mulhi Raajje ah BML ATM” project, launched in February 2025, installing self-service banking ATMs in 105 islands within nine months, significantly improving nationwide access to financial services.
The Bank also announced the acquisition of SME Development Finance Corporation (SDFC), which will be transformed into a Shari’ah-compliant, digital-first subsidiary aimed at expanding financing options for Micro, Small and Medium Enterprises (MSMEs).
With total assets exceeding MVR 51.5 billion and a presence in every inhabited island, BML continues to strengthen its market leadership through a combination of physical infrastructure and digital-first strategies.
