BML reports 10% growth in Q3 operating profit to MVR 791 million
Net profit for the quarter stood at MVR 475 million, reflecting robust profitability and operational efficiency.
Bank of Maldives (BML) on Wednesday posted a 10% increase in operating profit to MVR 791 million in the third quarter of this year compared to the same quarter last year.
The bank recorded an operating profit of MVR 791 million, consistent with the previous quarter and up 10% compared to the same period last year. Net profit for the quarter stood at MVR 475 million, reflecting robust profitability and operational efficiency.
The bank’s loan portfolio continues to expand steadily, with MVR 6.5 billion in new loans disbursed to individuals and businesses year to date.
Total assets at the end of the quarter reached MVR 51.5 billion, while customer deposits totalled MVR 33.7 billion.
Capital adequacy remains strong, well above regulatory requirements, reinforcing the Bank’s sound financial position.
“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," BML CEO and Managing Director Mohamed Shareef said.
During the quarter, the bank continued its nationwide expansion, enhancing access to financial services across all regions. In October 2025, the bank successfully completed the Mulhi Raajje ah BML ATM project, launched in February 2025, establishing Self-Service Banking ATMs in 105 islands within just nine months.
In addition, the bank announced the acquisition of SME Development Finance Corporation (SDFC) during the quarter. Under this strategic move, SDFC will be transformed into a Shari’ah-compliant, digital-first subsidiary—leveraging technology to expand access to finance for Micro, Small and Medium Enterprises (MSMEs).
