Bank of Maldives Announces Strong Q1 2025 Financial Results

Business

Bank of Maldives (BML) has announced impressive financial results for the first quarter of 2025, reporting an Operating Profit of MVR 698 million and a Net Profit of MVR 497 million. These results reflect continued growth across the Bank’s core business areas.

In the first quarter, the Bank saw MVR 1.7 billion in new loans to individuals and businesses, a significant 72% increase compared to Q1 2024. Additionally, the Bank’s net loan portfolio grew by over MVR 470 million, while capital and liquidity levels remained robust, well above regulatory standards.

Mohamed Shareef, CEO and Managing Director of BML, commented: “We recorded our best-ever financial performance last year, and we are pleased to continue this momentum into Q1 2025. Our strong financial position enables us to further our mission of expanding banking access and enabling growth for individuals, businesses, and communities across the country.”

With a nationwide network of 39 branches across all 20 atolls, 107 Self-Service Banking Centres, 165 ATMs, Agent Banking services, and a full suite of Digital Banking solutions, BML remains dedicated to providing comprehensive financial services to Maldivians everywhere.