Bank of Maldives (BML) has approved a record dividend of MVR 323 million for the financial year.
The decision was endorsed at the bank’s 43rd Annual General Meeting held last night, with shareholders approving a dividend of MVR 60 per share, the highest in the bank’s history.
BML currently has 6,148 shareholders, including 5,999 ordinary shareholders and 152 council offices.
The government remains the majority shareholder with a 51 percent stake, while the Pension Office holds 7 percent and Maldives Transport and Contracting Company (MTCC) holds 4 percent.
The dividend follows a year of strong financial performance for the bank. BML reported a net profit of MVR 2.5 billion after tax, representing a 9.8 percent increase compared to the previous year.
Total assets rose to MVR 55.8 billion, reflecting balance sheet growth. During the year, the bank disbursed MVR 10 billion in new loans and financing to individuals, small and medium enterprises, corporate clients and key sectors of the economy, the highest level of lending in its history.
BML's customer growth also remained strong, with more than 30,000 new customers joining the bank over the past year. Customer deposits increased by 16 percent compared to 2024.
