Maldives first full fledged islamic bank, Maldives Islamic Bank (MIB) received MVR 282 million as net profit last year.
This is a 60 percent increase compared to 2023. Statistics shared by the bank show that the asset value of the bank in November last year was over MVR 10 billion. At the end of 2024, their asset value was at MVR 11.4 billion.
MIB said that with the additional conveniences introduced by the bank over the past year, customers trust in MIB has risen, describing 2024 as a successful year for the bank.
MIB is also the only bank in the country that provides account opening services online, without the need to physically visit the bank's offices. Now, both personal and company accounts can be opened online. This saw an increase in deposits last year, with bank deposits rising to MVR 9.12 billion by the end of the year.
The bank also won two international awards in 2024.
MIB said that their biggest partner in achieving success are the customers, assuring they will remain steadfast in earning customers' trust and confidence. They further said that many efforts are in plan for this year as well.