The current Chief Executive Officer of Bank of Maldives (BML) Mr. Tim Sawyer addresses possible plans of stepping down from the role after contract completion.
According to the front man of the bank, his three-year contract with the national bank of Maldives will come to an end soon and he does not plan on renewing the contract for additional duration.
Furthermore, Mr. Sawyer has discussed his decision with the bank's board of directors as well.
"I will be working for a month or two before stepping down," commented Mr. Sawyer.
"The past few years have been challenging, especially during the Covid-19 pandemic. However, we have overcome the obstacles and the bank is currently at its best position till date," he added further.
Moreover, he emphasized on the delight and honor he had with the bank's achievements through the years.
Earlier, it was reported that the bank's profit after tax of 2021 stood at MVR1.9 billion, while it had settled a total of MVR543 million in taxes.
Additionally, the bank will be paying a dividend of MVR131 million to its largest shareholder; the government of Maldives.
Mr. Sawyer is acknowledged for being the primary pioneer in maintaining the bank's progress, as well as one of the key factors behind the bank's success in commandeering through one of the most economically difficult circumstances the country had faced in recent years.
Sign In
