BML pays bonus to employees after three years

The Bank of Maldives (BML) has paid bonus to its employees for the first time in three years.

BML said in a statement published on 5 August that in conjunction with the bank’s financial achievement over the first six months of this year, its Board had approved to pay bonus to the employees.

The statement did not mention the amount or the policy that would be employed in employee bonus.

A senior official of one BML branches told Sun that he was “not totally happy” with how the bonus was distributed.

“Two people who work at the same level have received different amounts as bonus. This is what the employees are most unhappy about,” he said.

He said that there are rumours that a few people received large sums of money as bonus, and that the bank had not revealed its policy regarding the distribution of bonus to employees this year.

“Performance should be considered when paying bonus. But they haven’t revealed how points were given. Bonus was given based on that policy this time as well,” he said.

An official from the bank’s marketing department said that he did not wish to comment on the issue of employee bonus.

The bank also decided to distribute dividends to shareholders for the first time since 2008, at MVR 9.29 for every MVR 50 share from the profit of the first six months of this year.

BML made a net profit of MVR 527 million in the first half year of 2013.