Bank of Maldives (BML) has announced a robust third-quarter performance for 2025, highlighting steady financial growth and major strides in national financial inclusion. The Bank recorded an impressive operating profit of MVR 791 million, maintaining consistency with the previous quarter and showing a 10% year-on-year increase. Net profit for the quarter reached MVR 475 million, underlining continued profitability and operational efficiency.
The Bank’s loan portfolio remains strong, with MVR 6.5 billion in new loans disbursed so far this year to individuals and businesses across the country. By the end of Q3, total assets stood at MVR 51.5 billion, while customer deposits totaled MVR 33.7 billion. BML continues to maintain a healthy capital adequacy ratio, comfortably above regulatory requirements.
In a major financial inclusion initiative, BML successfully completed the “Mulhi Raajje ah BML ATM” project, launched in February 2025. The project saw the installation of Self-Service Banking ATMs in 105 islands across the Maldives in just nine months—ensuring access to basic banking services for communities previously underserved.
A landmark development during the quarter was BML’s acquisition of the SME Development Finance Corporation (SDFC). The institution is now being transformed into a Shari’ah-compliant, digital-first subsidiary. This strategic shift is aimed at improving access to finance for Micro, Small, and Medium Enterprises (MSMEs), with a focus on inclusive, technology-driven service delivery.
Commenting on the results, BML CEO & MD Mohamed Shareef stated:
“We take great pride not only in our strong financial performance but also in our unwavering commitment to shaping the nation’s future—by empowering communities, supporting local businesses, and driving inclusive economic growth. We are confident that our positive momentum will continue through the rest of the year.”
With a presence in every inhabited island, BML remains the country’s largest and most accessible financial institution. Through its branch network, ATMs, cash agents, and digital banking channels, the Bank continues to empower individuals and businesses nationwide.