BML reports positive second quarter results

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Bank of Maldives Head Office in Boduthakurufaanu Magu

The leading financial institution in the country, the Bank of Maldives has reported a positive financial performance for the second quarter of 2022. BML said they have recorded good performance in all core business lines and improved assets quality, with an Operating Profit of MVR 592 million for the quarter, up 19% on the same period last year.

BML also said their Capital and liquidity ratios remain solid and well above regulatory requirements.

Noting that they introduced their digital wallet “BML Pay” in the second quarter, BML said they partnered with Mastercard and MTCC to introduce the country’s first open loop transit card for the public transport network.

In-charge of the Bank and Acting MD, Aishath Noordeen commented, “The Bank remains optimistic about overall performance, driven by solid business volumes across all key sectors. We are in a solid position to deliver on our strategy which will see improved customer experience with continued investment in digitalization and operational excellence.”

With a nationwide network of 35 branches across all 20 atolls, 81 Self Service Banking Centres, 139 ATMs, over 200 agents and a full suite of Digital Banking services, Bank of Maldives is committed to supporting individuals, businesses and communities across Maldives.

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