Bank of Maldives (BML) shareholders have reason to celebrate as the bank announces its largest-ever dividend payout in its history. At the Bank’s Annual General Meeting, shareholders approved a total dividend payout of MVR 269 million, amounting to MVR 50 per share.
Karl Stumke, CEO and Managing Director of BML, expressed gratitude to customers for their unwavering loyalty, attributing the bank's success to their continued support. Stumke highlighted the bank's commitment to enhancing customer experience through seamless digital banking services while maintaining the highest standards of governance and customer-centricity.
The significant dividend payout reflects BML's stellar performance in 2023, with a focus on digitalization and sustainability. Stumke reiterated the bank's vision to be the preferred banking partner in the Maldives, emphasizing a collective effort towards building a prosperous future for both the bank and the nation.
As the largest shareholder, the government stands to benefit substantially from the dividend payout, receiving MVR 136.6 million. Additionally, the bank will contribute MVR 628 million in taxes for the year 2023, further bolstering the nation's economy.
The record dividend payout underscores BML's commitment to delivering value to its shareholders while driving economic growth and prosperity in the Maldives.