The Edition


BML revenue at MVR 277 million in 2018 final quarter

01 February 2019, MVT 09:44
Bank of Maldives Ltd (BML) Head Office at Male City. PHOTO/BML
01 February 2019, MVT 09:44

Bank of Maldives (BML) announced that revenue for the final quarter of 2018 stood at MVR 277 million.

BML's statement revealed that the company saw revenue growth of three percent sans tax cuts compared to 2017, with the bank generating profit across all its branches.

In addition to their revenue growth, BML improved their services in 2018 with the introduction of the International Financial Reporting Standard (IFRS) 9 and the community campaign 'Aharenge Bank' (My Bank) in 2017.

Aishath Noordeen, the Deputy Chief Executive Officer (CEO) of BML, noted the successful expansion of the banking service across the archipelago.

As BML is currently compiling their annual report of 2018, the bank is yet to release further information.