Bank of Maldives Announces Record-Breaking 2025 Performance, Proposes Landmark Dividend Payout

Bank of Maldives (BML), the nation’s premier financial institution, has today unveiled an unprecedented set of financial results for last year, with the bank highlighting a year of remarkable growth, strategic expansion, and profound national impact.

The Bank reported a historic Net Profit After Tax of MVR 2.5 billion, a robust 9.8 percent increase from the previous year, underscoring its strong financial health. This performance was bolstered by a significant expansion of its balance sheet, with total assets growing to MVR 55.8 billion. Demonstrating unwavering public trust, customer deposits rose to MVR 37.2 billion. Enhancing its role in fueling the national economy, BML disbursed a record MVR 10 billion in new loans and financing to individuals, SMEs, corporates, and key economic sectors, while also welcoming over 30,000 new customers to its services.

Commenting on the year’s stellar achievements, CEO and Managing Director, Mohamed Shareef described the past year as a defining chapter for BML. 

“We set out to prove that a national bank can be both a driver of record financial performance and a force for social impact. 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.

A cornerstone of this commitment was the historic completion of a project to install ATM services on every inhabited island in the Maldives, an effort that earned BML the prestigious ‘Outstanding Achievement in Financial Inclusion’ award from global financial services benchmarking leader, Qorus. In parallel, the Bank accelerated its digital transformation, enabling fully digital applications for accounts and loans, and launched ‘Swipe’—a pioneering, 100 percent Maldivian-built multicurrency digital wallet.

In a move set to significantly reward its shareholders, BML’s Board of Directors has proposed a landmark total dividend of MVR 60 per share. This final dividend, subject to approval at the upcoming Annual General Meeting, amounts to a total payout of MVR 322,915,200. 

Additionally, in a strategic initiative to enhance market capitalisation and shareholder value, the Board has recommended the issuance of two bonus shares for each existing share. Post-issuance, the book value per share is projected to be MVR 1,015.90, delivering a total benefit of MVR 2,091.80 per share to shareholders and representing a monumental contribution to the development of the Maldivian capital market.