The Bank of Maldives (BML) has announced a record financial performance for 2025 with a profit before tax of MVR 3.2 billion.
In a statement on Thursday, the national bank reported strong results for Q4 2025 with an operating profit of MVR 828.7 million. The net profit amounted to MVR 837.5 million – marking a sharp 76.2 percent quarter-on-quarter increase.
Meanwhile, unaudited results for the full 2025 show the bank’s gross income exceeding MVR 5.5 billion, marking a 16.1 percent increase compared to 2024.
It also shows a record profit before tax of MVR 3.2 billion - up 10 percent compared to 2024.
Meanwhile, total assets exceeded MVR 55.7 billion, representing a 15 percent increase compared to 2024. With this growth, the bank maintained a healthy cost-to-income ratio of 27 percent.
During 2025, the bank disbursed MVR 10 billion in new loans to individuals and businesses. Capital and liquidity ratios remain strong and well above regulatory requirements.
Commenting on the results, BML’s CEO and Managing Director, Mohamed Shareef expressed pleasure at closing 2025 with strong results.
He attributed the strong performance to the strength of the bank’s strategic focus and the commitment of the bank’s staff.
“Growth across our core business lines, coupled with disciplined risk management, has enabled us to deliver solid financial results while maintaining a strong balance sheet. We remain committed to supporting individuals, businesses, and communities across the Maldives as we continue to drive sustainable growth,” he added.
BML said that the year 2025 marked a defining period for bank, characterized by strategic growth, innovation, and an unwavering commitment to customers, communities, and employees.
The bank delivered strong progress across financial inclusion, digital innovation, and national development, marked by the launch of Green Resort Financing, Hiyavehi Financing at a preferential 5 percent in partnership with the Housing Ministry, lowering equity for home purchase loans to 5 percent, and the establishment of BML Affordable Home Leasing Pvt Ltd.
The BMLexpanded nationwide access by opening its 40th branch in R. Dhuvaafaru and completing the ‘Mulhi Raajje ah BML ATM’ project, achieving a BML presence in all inhabited islands. Digital and payment innovations advanced with the introduction of online applications for all services, unveiling of Swipe digital wallet, Visa Platinum Debit Card, Visa Infinite Credit Card, and Indian Rupee and Chinese Yuan accounts. Strategic partnerships with Visa, Amex, Alipay+, Weixin Pay, UnionPay, and Mastercard further strengthened the Maldives’ digital payments ecosystem.
The year also saw the launch of the BML Student Card, Masveriyaa Portal for financing fishermen, ENV POS initiative for environmental protection and ocean conservation, Experience Maldives campaign with Amex, the acquisition of SDFC (now SME Digital) to enhance the SME offerings, reduction of merchant fees to 1 percent to support businesses, and prestigious recognition from Qorus and Mastercard for excellence in financial inclusion and digital transformation.
As the nation’s leading financial institution, BML operates an extensive nationwide network of 42 branches across all 20 atolls, 267 ATMs, Self-Service Banking ATM Centres on every inhabited island, and advanced digital banking platforms.
The bank says it remains dedicated to supporting communities through innovative solutions and expanded service access.