Bank of Maldives (BML) announced a net profit of MVR 558 million for the second quarter of 2025, marking a 24 per cent increase compared to the same period last year. The bank’s operating profit for Q2 reached MVR 790 million.
For the first half of the year, BML recorded a net profit after tax of MVR 1.05 billion, a 12 per cent rise year-on-year. Operating profit stood at MVR 1.4 billion, up 6 per cent from the same period in 2024.
At the end of Q2, BML’s total loans reached MVR 21.3 billion, with deposits totalling MVR 33.6 billion and total assets amounting to MVR 51 billion. The bank issued MVR 3 billion in new loans to individuals and businesses during the quarter. Capital and liquidity ratios remained well above regulatory requirements.
BML CEO and Managing Director Mohamed Shareef attributed the results to the commitment of staff and the bank’s strategic focus on sustainable growth and service accessibility across the Maldives.
During Q2, BML expanded its "BML ATM Nationwide" project, completing ATM coverage in all inhabited islands of North, Middle, Shaviyani, and Kaafu Atolls, including K. Huraa.
The bank also launched the "Env POS" program, dedicating a portion of each card transaction at BML POS machines to environmental protection initiatives, at no extra cost to customers or businesses.