BML Marks Record-Breaking Year, Reinforces Role as National Bank

The Bank of Maldives (BML) has reported its most successful year in its 43-year history, with record financial results and continued expansion across the country, CEO and Managing Director Mohamed Shareef announced at the Bank’s Annual General Meeting held last night.

Addressing shareholders, Shareef highlighted a year defined not only by strong financial performance but also by significant progress in digital transformation, customer service, and nationwide financial inclusion.

The Bank recorded a Profit After Tax of MVR 2.5 billion, marking a 10 percent increase compared to the previous year. This growth was largely driven by a 25 percent expansion in its net loan portfolio, which reached MVR 25.2 billion. Total assets rose to over MVR 55.8 billion, while customer deposits grew to MVR 37.2 billion, reflecting sustained confidence in the Bank.

BML’s performance was underpinned by strong risk management, with a Capital Adequacy Ratio of 48.1 percent—well above regulatory requirements—alongside a stable liquidity position.

“2025 was not just a year of record profits, it was a year where we strengthened our role as the true national bank, driving economic growth and deepening financial inclusion across every corner of the Maldives,” Shareef said. “Our success is measured not only in our financial results but in the tangible impact we have on the lives of Maldivians and the businesses that drive our economy.”

He reaffirmed the Bank’s strategic focus on three core pillars: Digital First, Customer Service Excellence, and Sustainability and Responsibility. Shareef noted that BML continues to invest in enhancing customer experience, expanding digital capabilities, and improving operational efficiency to support long-term sustainability.

“In a rapidly changing landscape, we are strengthening the Bank by investing for the future. Our focus remains on supporting our people, customers and the nation, as we continue to serve as the ‘Bank of the People,’” he added.

Shareef concluded by expressing appreciation to the Bank’s more than 390,000 customers, employees, and shareholders for their continued trust and support. He also thanked the Chairperson and Board of Directors for their guidance, expressing confidence that the Bank is well-positioned to deliver another strong performance in 2026.