Bank of Maldives had a very strong year in 2017 as the bank recorded its best ever financial performance while simultaneously doubling its investment in local communities.
The past year has seen BML implement its largest ever investment program ‘Aharenge Bank’, in which the bank invested MVR 300 million in network expansion and in more than 50 distinct community projects which supported charitable, educational, sports and environmental causes. This is almost 30 percent of the bank’s profit last year.
BML invested in the upgrading of computer labs in atoll schools, supported mobility-impaired residents on island communities through the provision of special motorized wheelchairs and have also supported community organisations such as the Cancer Society of Maldives, Care Society, Mental Health Awareness Foundation, the Blind and Visually Impaired Society of Maldives and the Maldives Deaf Association last year.
BML opened three new branches across the country last year, with 14 self-service banking centers in various regions. The bank also extended to 230 our network of agents providing services to those island communities without a BML branch or ATM.
As recently as in 2013, BML had a presence on just 24 islands, whereas today BML is represented on every single inhabited island via a branch, ATM or agent.
BML CEO and Managing Director, Andrew Healy emphasized that the Bank’s improved financial performance has facilitated its increased investment in communities.
“Financial robustness has provided the necessary platform to step up initiatives to support individuals, families and businesses across the country. Therefore it is no coincidence that we managed to double our investment in local communities during the year and we will see further significant investment over the year ahead.”
BML has a nationwide network of 34 branches, 95 ATMs, 34 Self Service Banking Centers, 230 cash agents, 5000 POS merchants and a full suite of Digital Banking services.
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