BML Achieves Record Profits, Proposes Highest-Ever Dividend of MVR 50 per Share

Bank of Maldives (BML) has reached a notable milestone with its net profit soaring to MVR 2 billion, prompting the board to propose an unprecedented dividend payout to its shareholders. The board of directors has announced a distribution of MVR 50 per share, representing a substantial increase from the previous year's dividend.
CEO and Managing Director of BML, Karl Stumke, expressed pride in the bank's remarkable achievement, emphasizing the significance of surpassing the MVR 2 billion profit mark for the first time in its history. Last year's profit distribution totaled MVR 215 million, underscoring the substantial growth witnessed by the bank.
With the government being the largest shareholder, it stands to receive a significant portion of the share profit, along with substantial tax contributions. BML's robust financial performance in recent years reflects its resilience and strategic initiatives, even amidst challenges such as the COVID-19 pandemic.
The bank's continued focus on expanding its loan portfolio and strengthening customer relationships has contributed to its sustained growth. With a substantial capital base, a large customer network, and significant transaction facilitation, BML remains a cornerstone of the Maldivian financial landscape.