Bank of Maldives highlights record year and expansion at AGM
Following the most successful year for Bank of Maldives (BML) in its 43-year history, CEO and Managing Director Mohamed Shareef addressed shareholders at its Annual General Meeting held last night, outlining the Bank’s historic achievements, strategic expansion, continued digital transformation and sustained support for customers and communities.
The Bank recorded a Profit After Tax of MVR 2.5 billion, a 10% increase from the previous year, driven by a 25% expansion in its net loan portfolio, which reached MVR 25.2 billion. Total assets surpassed MVR 55.8 billion, with customer deposits growing to MVR 37.2 billion, reflecting continued strong market confidence. The Bank’s strong performance was supported by robust risk management, with a Capital Adequacy Ratio of 48.1%, well above the regulatory requirement, and a stable liquidity position.
“2025 was not just a year of record profits, it was a year where we strengthened our role as the true national bank, driving economic growth and deepening financial inclusion across every corner of the Maldives,” said Shareef. “Our success is measured not only in our financial results but in the tangible impact we have on the lives of Maldivians and the businesses that drive our economy.”
The CEO reaffirmed the Bank’s strategic focus on its three core pillars: Digital First, Customer Service Excellence, as well as Sustainability and Responsibility. “In a rapidly changing landscape, we are strengthening the Bank by investing for the future. Our focus is on improving customer experience, expanding digital capabilities, and strengthening operational efficiency, supporting long-term sustainability and continued investment in our people, customers and the nation, to remain the ‘Bank of the People.’”
He concluded by thanking the Bank’s over 390,000 customers, dedicated employees, and shareholders for their continued trust and support. He also expressed sincere appreciation to the Chairperson and the Board of Directors for their invaluable guidance and steadfast stewardship. He expressed confidence that the Bank is well-positioned for another year of strong performance in 2026.
