Bank of Maldives (BML) has made a positive start to the year with a strong first quarter of 2017 announcing a Profit After Tax of MVR 260 million which is a 23% increase on the same period last year.
A statement issued by the bank today said that the “business volumes were healthy across all key sectors and loan book quality was robust. Capital and liquidity ratios finished the quarter well in excess of regulatory requirements.”
The bank had opened branches in Haa Alifu Hoarafushi, Ihavandhoo and Laamu Gan this year along with self service banking facilities in Fuvahmulah CIty, Laamu Fonadhoo, Addu City Gan, Hithadhoo.
“We are pleased with the positive start to the year. Our staff have shown terrific commitment during a very busy quarter, not least in February when we held 28 events in 28 days to mark the launch of ‘Aharenge Bank’, a campaign that is designed to demonstrate our commitment to, and bond with, the communities we serve. We will work hard to continue this positive momentum throughout the rest of the year”. CEO and Managing Director, Andrew Healy said.
With a nationwide network of 34 branches across all 20 atolls, 85 ATMs, 4,000 Point of Sale merchants, 200 cash agents, 27 Self Service Banking Centres and 5 Dhoni Banking Units, as well as a full suite of Digital and Online Banking Services, Bank of Maldives is committed to supporting individuals, businesses and communities across Maldives.