BML recorded its best-ever performance in 2023 with a Profit of 2 Billion!

Business

Bank of Maldives has recorded its best-ever performance in 2023 with Profit After Tax (PAT) of MVR 2.07 billion. With this, the Board of Directors has recommended the highest-ever dividend payout of MVR 50 per share, to be approved at the Bank’s next Annual General Meeting.

The Bank’s CEO and Managing Director Karl Stumke commented “I am pleased to report this record performance for the Bank, which also marks the first time the Bank has crossed MVR 2 billion. As a result of our performance, the Board has proposed a total dividend payout of MVR 269 million which is the highest for our shareholders in the Bank’s history.”

Karl added, “the Government, as our biggest shareholder, also stands to benefit with MVR 136.6 million as dividend and a further MVR 628 million as tax for the year 2023.”

“I would like to thank the Board of Directors for their guidance and stewardship over the year, for continuing to put our customers first while we operate with the added responsibility of ensuring the stability of the financial sector in the Maldives. My sincere appreciation for our staff spread across the country for their hard work and of course, to our shareholders for having faith in our journey.”