The Edition


BML directors’ board passes MVR 107 million as 2016 dividend

Fathmath Shaahunaz
14 March 2017, MVT 16:43
BML main branch in Male. PHOTO/BML
Fathmath Shaahunaz
14 March 2017, MVT 16:43

Maldives’ main bank’s Board of Directors has decided on a total dividend of MVR 107.6 million from 2016’s profit at a rate of MVR 20 per share.

In a statement, Bank of Maldives Ltd (BML) said that its directors’ board passed MVR 107.6 million at MVR 20 per share as the dividend from last year’s profit to be submitted at their next annual meeting.

The dividend is 18 percent higher than that of the previous year's MVR 91.4 million at a rate of MVR 17 per share.

BML’s statistics show that the bank’s total profit for the year 2016 was MVR 1.03 billion, which is 56 percent higher than 2015.

The bank had also recorded a high revenue in 2016 with MVR 538 million in the final quarter and over MVR 2 billion for the whole year.