The Bank of Maldives (BML) has reported an operating profit of MVR 790 million for the second quarter of 2025, marking a 13 per cent increase compared to both the previous quarter and the same period last year.

According to its quarterly report for April to June 2025, net profit rose to MVR 558 million, up 12 per cent from Q1 and 24 per cent higher than Q2 of 2024.

The strong performance was attributed to sustained growth across key business sectors. Total assets stood at MVR 51 billion, with the loan book at MVR 21.3 billion and customer deposits reaching MVR 33.6 billion.

During the quarter, BML held its Annual General Meeting, where shareholders approved a record dividend payout of MVR 296 million (MVR 55 per share).

Key developments included the launch of a Commercial Property Financing facility, offering competitive options for purchasing land, business premises, and garage spaces. In April, BML signed a Memorandum of Understanding with the Ministry of Fisheries and Ocean Resources to improve access to finance for fishermen registered on the National Fishermen’s Register. Eligible individuals can now access up to MVR 300,000 in personal financing, along with credit cards and home loans.

In May, the bank introduced the country’s first Student Debit Card and announced its first fully funded Shari’ah-compliant corporate financing facility. It also raised the monthly foreign transaction limit for debit cards to USD 500, effective 1 July 2025.

BML continued its corporate social responsibility efforts with five projects focused on education and the environment. To mark Children’s Day, events were held across 13 islands. The bank also opened applications for the BML Scholarship Fund 2025 and launched a nationwide Community Safety Programme in partnership with the Maldives Police Service.

BML reaffirmed its commitment to community development and delivering long-term value for shareholders.