Record year for BML, over MVR 3 billion in profit

Bank of Maldives (BML) has achieved a record financial result in the fourth quarter of 2025 with an operating profit of MVR 828.7 million. 

BML's 2025 fourth quarter financial records show a net profit of USD 837.5 million, which is 76.2 percent increase from the third quarter. 

As per the results, BML's gross income is over MVR 5.5 billion. This is a 16.1 percent increase from 2024. Profit Before Tax is also at a record MVR 3.2 billion, up 10 percent from 2024.

Total assets exceed MVR 55.7 billion, again exhibiting an increase of 15 percent compared to the previous year. 

In 2025, BML disbursed MVR 10 billion in loans to individual and business customers. The bank's capital and liquidity ratios remain markedly above regulatory requirements. 

“We were pleased to close 2025 with strong fourth quarter results, highlighting the strength of our strategic focus and the continued commitment of our people. Growth across our core business lines, coupled with disciplined risk management, has enabled us to deliver solid financial results while maintaining a strong balance sheet," BML CEO and Managing Director Mohamed Shareef stated.

"We remain committed to supporting individuals, businesses, and communities across the Maldives as we continue to drive sustainable growth.”

In 2025, BML contributed significantly towards financial inclusion, digital innovation and national development. 

Initiatives include the launch of Green Resort Financing, Hiyavehi Financing at a preferential 5% together with the Ministry of Construction, Housing and Infrastructure of equity for home purchase loans, and the establishment of BML Affordable Home Leasing Pvt Ltd. 

The year also saw BML open its 40th branch in R. Dhuvaafaru, and achieving their goal to provide ATM services in all inhabited islands. 

BML also introduced Swipe digital wallet, Visa Platinum Debit Card, Visa Infinite Credit Card, as well as Indian Rupee and Chinese Yuan accounts. 

Strategic partnerships with visa, Amex, Alipay+, Weixin Pay, UnionPay and Mastercard further strengthened Maldives' digital payment systems. 

The bank also launched the BML Student Card, Masveriyaa Portal, ENV POS initiative, and Experience Maldives campaign with Amex.

The year also saw BML's acquisition of SDFC and reduction of merchant fees to 1 percent. 

Over the year, BML received recognition from Qorus and Mastercard for excellence in financial inclusion and digital transformation. 

Bank of Maldives operates a network of 42 branches and 267 ATMS across 20 atolls, Self-Service Banking ATM Centres on every inhabited island and advanced digital banking platforms.