Bank of Maldives (BML) Chief Executive Officer and Managing Director Mohamed Shareef has said 2026 is set to be the most successful year in the bank’s history, following strong financial results.

BML recorded a net profit of MVR 1.93 billion in the first nine months of the year, a 26 per cent increase compared with the same period in 2025. Third-quarter net profit reached MVR 647.2 million, up 36 per cent year-on-year.

Shareef said the bank’s strong capital and liquidity positions, alongside growing customer confidence, had supported continued balance sheet growth.

BML reported a capital adequacy ratio of 38 per cent, three times the regulatory minimum of 12 per cent. Deposits increased by 14 per cent to MVR 42.36 billion.

The bank also disbursed MVR 12.1 billion in new loans during the first nine months of the year, exceeding its total lending for the whole of 2025.

During the same period, BML processed more than 373,600 remittances, facilitating USD 2.86 billion in outward transfers. Monthly foreign currency sales averaged USD 80.2 million, up 31 per cent year-on-year.