Bank of Maldives (BML) reported an operating profit of MVR 790 million for the second quarter of 2025 - a 13 percent increase from both the previous quarter and the same time last year.

According to its April–June 2025 report, BML’s net profit reached MVR 558 million, up 12 percent from Q1 and 24 percent higher than Q2 of 2024. The bank credited its strong results to steady growth across its core business areas.

BML’s total assets stood at MVR 51 billion, with MVR 21.3 billion in loans and MVR 33.6 billion in customer deposits.

During the quarter, the bank held its Annual General Meeting, where shareholders approved a record dividend of MVR 296 million (MVR 55 per share).

Key highlights included:

  • Launch of a Commercial Property Financing facility for buying land, business spaces, and garages.
  • A new partnership with the Ministry of Fisheries and Ocean Resources, giving registered fishermen access to up to MVR 300,000 in personal financing, as well as credit cards and housing loans.
  • Introduction of the country’s first Student Debit Card.
  • Launch of the first fully Shari’ah-compliant corporate financing facility.
  • An increase in the debit card foreign transaction limit to USD 500 from 1 July 2025.

As part of its community work, BML carried out five projects focused on education and the environment. Children’s Day was celebrated with events on 13 islands. The bank also opened applications for the BML Scholarship Fund 2025 and launched a national Community Safety Programme with the Maldives Police Service.

BML reaffirmed its goal to support community development and deliver lasting value for shareholders.