The Bank of Maldives (BML) has said that there were 30,000 new customers who signed up for their services last year.
BML's yearly report for 2025 shows that customer deposits had reached MVR 37.2 billion.
Deposits at BML increased by 16 percent last year. Their deposits reached MVR 32 billion in 2024, which is an increase of MVR 5 billion.
Along with the deposits, there has been an increase in loans by 25 percent. BML had given out MVR 25 billion in loans to their customers last year. The year before that was MVR 20 billion.
Last year, the bank's total assets increased by 15 percent. This is an increase from MVR 48 billion to MVR 56 billion.
BML stated that this increase stems from their efforts to expand their services to various parts of Maldives last year. With the installment of bank branches and ATMs in all the islands of Maldives, it has become easier for customers to acquire BML's services.
BML sees last year as one of their most successful yet. The company's progression can be attributed to new services and providing customers options for services that are geographically more accessible.
BML said that in order to offer services of increasing quality year after year, they are working on strengthening their digital services as well.
