BML's reaches new heights as it breaks profit record

Andrew Healy, BML’s CEO and Director, said at a press conference to discuss the bank’s work for last year that the bank would give out MVR 86.1 million to its share holders. Each share will be given MVR 16, he said. Healy further said that while the profits are a 22 percent increase compared to that of 2013, after setting provisions for tax and nonproductive loans and omitting the income from bad debts, the bank made a clear advancement of 81 percent. “The bank is making admirable achievements and it is in a good position now. While we have maintained a good customer service, we have reached reach over 95 islands in the country” BML’s Irish CEO said. BML’s profits suggest a bright future for the bank and its customers, Healy added.
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