According to audited financial statements, BML recorded an operating profit of MVR 2.85 billion and a net profit of MVR 2.24 billion in 2024, maintaining a capital position well above regulatory requirements.
Bank of Maldives (BML) has announced its highest-ever dividend proposal of MVR 296 million, offering MVR 55 per share following a strong financial performance in 2024.
This marks a 10 percent increase from last year when the bank paid MVR 50 per share, distributing MVR 269 million to shareholders.
According to audited financial statements, BML recorded an operating profit of MVR 2.85 billion and a net profit of MVR 2.24 billion in 2024, maintaining a capital position well above regulatory requirements.
The bank also welcomed over 21,000 new customers last year.
BML CEO and Managing Director Mohamed Shareef said that the bank’s success was due to its resilient strategy and the dedication of its team.
“The proposed highest-dividend payout underscores our commitment to rewarding our shareholders while maintaining a solid financial foundation,” Shareef said.
Despite the 25 percent bank profit tax, BML highlighted its operational efficiency and ability to generate strong returns, demonstrating the strength of its operations in a competitive market.
BML Annual General Meeting
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