BML board proposes MVR 60 dividend per share and bonus issue

The board of directors of the Bank of Maldives (BML) has proposed a dividend of MVR 60 per share for 2025, along with the issuance of two bonus shares for each existing share.

Based on the proposal, a total of MVR 322.9 million will be distributed as dividends for 2025. The proposed dividend is subject to approval by shareholders at the bank’s Annual General Meeting.

The board has also proposed the issuance of two additional bonus shares to existing shareholders. Following the bonus issue, the book value of the MVR 50 par value shares will be MVR 1,015.90.

BML said that, under the proposed structure, the total dividend payable this year amounts to MVR 2,091.80 per share. Dividends will be paid to shareholders whose names appear on the bank’s register of shareholders as at the book closure date.

“The main reason for the proposed bonus shares is to increase the market capitalisation of the bank, improve returns to shareholders and support the further development of the stock market in the Maldives,” BML said in a statement.

The bank reported a net profit of MVR 2.5 billion for 2025, representing an increase of 9.8 per cent compared with 2024.

BML also said that its total assets increased to MVR 55.8 billion during the year. In addition, the bank disbursed MVR 10 billion in new loans and financing to private individuals, small and medium-sized enterprises, corporate customers and key sectors of the economy, marking the highest level of lending in the bank’s history.

More than 30,000 new customers joined BML last year, while customer deposits increased by 16 per cent, the bank said.