National bank, Bank of Maldives has announced a profit of MVR 247 million for the third quarter of 2017.
The Q3 financial report released by BML this Monday shows a good financial performance by the company.
BML announced it showed a strong performance in all areas of business, maintained an efficient rate of loan issuance, and earned MVR 247 million as profit after tax during the third quarter, in spite of the decision to invest MVR 300 million to the community during 2017. The value is a 35 percent increase compared to the profit the company earned during the second quarter.
The bank opened three self-service banking centers in the atolls, and opened a modern customer service center in Male’ City during the third quarter.
The company expressed confidence it will be able to achieve its target of investing MVR 300 million to the community and creating 150 new jobs by the end of 2017.
BML, in August, received recognition as one of the best places to work in the region with the “Asia’s Leading Employer Brand Award” from the World HRD Conference and Employer Branding Institution.
CEO and Managing Director of BML, Andrew Healy stated that the company was pleased to continue with the positive momentum it created during the first half of 2017.
“Our investments during the quarter demonstrate our commitment to make banking more accessible and to optimize customer service levels. I would like to thank our customers for their ongoing loyalty and our staff across the country for their immense dedication and commitment,” said Healy.
“We will work hard to ensure we finish the year well.”