Bank of Maldives reports highest annual loan disbursement; MVR 10bn

Bank of Maldives (BML) disbursed MVR 10 billion in new loans and financing last year, the highest annual loan disbursement in the bank’s history, the bank said on Thursday.

BML released its financial statements for the past year, reporting increased lending across several customer segments.

The bank said the MVR 10 billion was issued as loans and financing to private individuals, small and medium-sized enterprises, corporate customers and projects linked to the expansion and development of key sectors of the economy. BML said this represents the largest volume of lending carried out by the bank in a single year.

BML Chief Executive Officer and Managing Director Mohamed Shareef said the level of lending, alongside the bank’s profit performance, reflected its operations and its role in supporting economic activity.

According to BML, the bank recorded a net profit of MVR 2.5 billion last year, an increase of 9.8 per cent compared to 2024. The bank’s total assets rose to MVR 55.8 billion during the year.

BML also reported that more than 30,000 new customers joined the bank last year, while customer deposits increased by 16 per cent.