BML records net profit of MVR 497M in first quarter of 2025

Bank of Maldives (BML) has delivered a strong a financial performance in the first quarter of this year, recording a net of profit of MVR 497 million.

The bank posted an operating profit of MVR 698 million and a net profit of MVR 497 million in the first quarter of this year.

The quarter recorded steady growth across core business segments, with MVR 1.7 billion in new loans issued to individuals and businesses—marking a 72 percent increase compared to the first quarter of 2024.

The bank’s net loan portfolio expanded by over MVR 470 million, while capital and liquidity levels remained strong and well above regulatory requirements.

Commenting on the bank’s first quarter financial performance, BML’s CEO and Managing Director Mohamed Shareef said the bank’s solid financial position enables it to further its mission to expand banking access and enable growth for individuals, businesses and communities across the country.

“The Bank recorded its best ever financial performance last year, and we are pleased to continue this momentum into the first quarter of 2025,” he added.

BML boasts a nationwide network of 39 branches across all 20 atolls, 107 self-service banking centres, 165 ATMs, agent banking services, and a comprehensive range of digital banking solutions, Bank of Maldives remains committed to supporting individuals, businesses, and communities throughout the country.