Bank of Maldives (BML) has recorded a net profit of MVR 1.93 billion over the past nine months.

Financial statements from the bank show this is a 26 percent increase compared to 2025. By the end of the third quarter of last year, the bank had earned a net profit of MVR 1.5 billion.

BML stated that these are the most financially successful nine months in the bank's long history.

In the third quarter of 2026 as well, BML's profit increased by 36 percent compared to the same period the 2025. The net profit for the third quarter reached MVR 47 billion.

By September, BML's capital adequacy ratio stood at 38 percent. This is 12 percent higher than the amount required by regulatory standards.

Customer deposits held at the bank over the past nine months reached MVR 42.4 billion. This is a 14 percent increase compared to the same period last year. During the nine months of last year, bank deposits stood at MVR 37 billion.

The total amount of new loans issued during the 9 month period of this year reached MVR 12.1 billion.

BML stated that achieving such a result, despite the negative impacts on the Maldivian economy caused by the Middle East war and changing global geopolitical scenarios, is a very encouraging sign.

CEO Mohamed Shareef stated that BML's capital and liquidity are strong, and this success is a testament to the trust customers place in the bank.

"2026 will be the most successful year in the bank's history. With the bank's capital and liquidity positions remaining strong, the bank's balance sheet continues to grow due to the trust customers place in the bank," he said.

BML stated that the bank's liquidity is good, Rufiyaa liquidity is very strong, and the treasury monitors this every day. The bank noted that this is carried out under a robust framework that includes established standards, early warning indicators, and contingency arrangements for emergency funding.