Related ArticlesBML implements new core banking systemAugust 3, 2014Bank of Maldives (BML) has made an Operating Profit of MVR 353 million in the second quarter of 2014, an increase of 65 percent from the previous quarter, the bank has said in a statement today.
The bank showed an increase of MVR 57 million or 19 precent in Operating Profits in June 2014, compared to the same period last year. All key income and expenditure lines also compared positively against last year, said the bank.
Commenting on the half-year results, Bank of Maldives CEO and Managing Director Andrew Healy said that the bank is moving in the right direction.
“We are steadily building a sustainable financial base to support our strategic pillars of financial inclusion, customer service and support for business,” said Andrew Healy.
In a move to upgrade its systems and adapt new technology, Bank of Maldives on Sunday started using T24 Branch Banking Systems, a new state-of-the-art core banking system, which it says will improve its services.