Second quadrant net-profit accumulated to Bank Of Maldives has totaled up to MVR 115 million، according to the company.
According to a statement released by the bank today، the company had collected a total of MVR 115 million as net-profit after deducting for taxation. The net-profit on the second quadrant is a 4% bump up compared the previous quadrant.
The statement also revealed the bank fared will in terms of business and profit collected during the first 6 months this year compared to 2014، as the total garnered profit is 37% higher than previous year.
In addition to this، business loans issued by the bank for various entities during the first 6 months this year has increased by 47% compared to last year’s same period.
Bank Of Maldives states that it is actively investing on developing the company and expanding its business throughout Maldives by establishing Agents and cash withdrawal means، in terms of POS devices or ATMs. It also added that the Cash Agent service to the 100th island for which BML is providing service، initiated this year while a self-service banking ATMs are located at 7 different locations in capital city، Malé.
BML aims to expand its services to all inhabited islands by the end of this year، and enable customers from across Maldives to receive banking services conveniently.