Bank of Maldives shareholders tonight voted to approve the payment of a record dividend of MVR 86.1m (16 rufiyaa per share) for 2014.
During the Annual General Meeting held at Islamic Center on Wednesday night، the bank had approved to pay Rf. 16 per share. The amount was Rf. 15 per share in 2013.
The Bank had a very strong financial year last year with Operating Profit exceeding MVR 1 billion for the first time، up 22% on 2013. Total Assets increased by 23% as the Bank continued to lend to Maldivian individuals، businesses and corporates. Deposits were up 25%.
BML received Rf. 518 million as clear profit in 2014 while in 2013، it had received Rf. 596 million as clear profit.
In addition to the approval of share payment، the Annual General Meeting also approved the auditor’s report، as well as appointments of new directors.
The three directors elected by public shareholders are; Mohamed Abdul Sattar، Ibrahim Mohamed and Ibthishama Ahmed Saeed.