BML receives MVR 2 billion in profits, proposes to pay MVR 50 per share

Bank of Maldives’ (BML) board has announced that it will distribute the highest dividend ever to its shareholders at the company’s annual general meeting, following its net profit of MVR 2 billion.

The board of directions of BML has resolved to distribute MVR 50 per share, marking an increase of MVR 10 compared to the previous year’s distribution. CEO and Managing Director of BML, Karl Stumke, confirmed that a total of MVR 269 million would be allocated at MVR 50 per share. Stumke expressed pride in BML’s achievement of surpassing a profit of more than MVR 2 billion for the first time, noting the record-breaking results achieved last year.