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BML net profit at MVR260 mln in 2018 first quarter

Fathmath Shaahunaz
29 April 2018, MVT 12:49
BML Head Office in Male. FILE PHOTO/MIHAARU
Fathmath Shaahunaz
29 April 2018, MVT 12:49

Bank of Maldives Ltd (BML) recorded a net profit of MVR 260 million in the first quarter of this year.

According to the main bank’s official statistics, the business of the company was valued at MVR 616 million in the first three months of this year, which is an increase of 13 percent compared to the same period in 2017.

Despite the spike in business value, BML’s net profit is similar to the first quarter of the previous year, as well as its dividend of MVR 193.

BML’s CEO Andrew Healy stated that he was satisfied with the results of the first quarter, noting that the bank had achieved several accomplishments over the past three months, notably its “Magey Bank” campaign. Praising BML’s staff, Healy assured that the company will work harder throughout the rest of the year.

BML currently operates 34 branches, 35 self-service banking centres, 95 ATMs, 277 cash agents and 5,000 POS merchant services across 20 atolls.

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