Bank of Maldives (BML), the nation’s premier financial institution, has announced its strongest financial performance to date for last year, underscoring its pivotal role in driving economic growth and financial inclusion across the archipelago.
The bank reported a historic Net Profit After Tax of USD 162.1 million, marking a 9.8 percent increase from the previous year. Total assets surged to USD 3.6 billion, while customer deposits climbed to USD 2.4 billion, reinforcing BML’s dominant position in the Maldivian banking sector. Demonstrating its commitment to fostering economic activity, the bank disbursed a record USD 648.5 million in new loans and financing, supporting individuals, small and medium enterprises (SMEs), and corporates. Additionally, BML welcomed over 30,000 new customers, reflecting growing public confidence in its accessible and innovative services.
One of the year’s most celebrated achievements was the successful rollout of ATM services across every inhabited island in the Maldives, a landmark initiative in financial inclusion. The project earned BML global recognition, securing the ‘Outstanding Achievement in Financial Inclusion’ award from Qorus, a leading authority in financial services benchmarking.
CEO and Managing Director of BML, Mohamed Shareef, hailed the bank’s dual success in profitability and societal impact, describing 2025 as a defining chapter for BML.
“We proved that a national bank can achieve record financial performance while driving meaningful progress for our nation. Our historic lending figures and nationwide ATM expansion reflect our dedication to empowering every Maldivian, from urban centres to remote islands,” he said.
Alongside its physical expansion, BML accelerated its digital transformation, enabling customers to open accounts, apply for loans, and conduct transactions seamlessly through its Internet Banking platform and Mobile App. The bank also introduced Swipe, the first 100 percent Maldivian-built digital wallet, supporting multicurrency transactions and paving the way for a resilient digital economy.