BML expects record year, says CEO
He noted that the bank’s financial statements for the first three quarters also indicate that 2025 will close as a record year for BML.
The Bank of Maldives (BML) is in a strong financial position and will conclude the year with record results, CEO and Managing Director Mohamed Shareef said.
Speaking on the Haftha104 programme on state broadcaster PSM, as part of coverage marking the government’s two-year anniversary, Shareef said the bank’s strategic plan focuses on further business expansion. He said he expects next year’s profit to exceed this year’s performance.
He noted that the bank’s financial statements for the first three quarters also indicate that 2025 will close as a record year for BML. “The bank will end this year as one of the best years in terms of its financial ratios,” he said.
Shareef said one of the bank’s main achievements has been its progress towards becoming a bank accessible to all people in the Maldives and providing services to households across the country. He said a key expansion over the past year was improving access to banking services without requiring customers to travel to other islands.
He added that BML aims to expand its digital services to enable customers to conduct transactions abroad without the use of physical cards. He said the bank expects to reach this target soon.
