Thursday 26 Feb 2026
Bank of Maldives (BML) headquarters in Male' City. (File Photo)
The Bank of Maldives (BML) has announced a record financial performance for 2025 with its highest-ever net profit after tax of MVR 2.5 billion.
In a statement on Thursday, the BML said that its performance over the past year was marked by robust financial growth, significant service expansion, and a consistent focus on its mandate as the national bank of the Maldives.
As such, the bank concluded the year with its highest-ever net profit after tax of MVR 2.5 billion – an increase of MVR 9.8 percent compared to the previous year.
Total assets increased to MVR 55.8 million, while total deposits rose to MVR 37.2 billion.
The BML added that in the last year, the bank disbursed MVR 10.0 billion in new loans and financing, the highest annual lending figure in the bank's history.
The BML said that this demonstrates the bank’s commitment to supporting to individuals, Small and Medium Enterprises (SMEs), corporates, and key sectors of the economy.
Last year also saw the bank welcome over 30,000 new customers.
Commenting on last year’s achievements, BML’s CEO and Managing Director Mohamed Shareef described 2025 as a defining chapter for the bank.
“We set out to prove that a national bank can be both a driver of record financial performance and a force for social impact. Our record profit and the highest-ever annual lending demonstrate the strength of our business and our commitment to fueling the Maldivian economy. Expansion of our physical network alongside our digital innovations, reflects our unwavering dedication to ensuring that every Maldivian, no matter where they live, has access to essential financial services,” he said.
“We are building a bank for all Maldivians, today and for generations to come."
Shareef also expressed sincere appreciation to the bank’s dedicated teams for their hard work over the past year, and to the Board of Directors for their leadership and guidance.
“I extend my since appreciation to our shareholders and loyal customers for their continued trust and confidence in the bank,” he added.
The BML described last year’s most defining accomplishment was the completion of the project to establish ATM services in every inhabited island of the Maldives – a project that has garnered significant local and international acclaim, earning BML the prestigious ‘Outstanding Achievement in Financial Inclusion’ award from Qorus, a global leader in financial services benchmarking.
In parallel with its physical expansion, the bank accelerated its digital transformation, enabling customers to submit all applications including account openings and loans through Internet Banking and the Mobile App. BML also developed Swipe, a 100 percent Maldivian-built, multicurrency digital wallet designed to future-proof the nation's digital economy.
