Bank of Maldives (BML) reported a net profit of MVR 2.1 billion for 2024, marking a 4 per cent increase from the previous year, with total assets growing by MVR 3 billion and loan disbursements reaching MVR 5.2 billion. In the fourth quarter, net profit surged by 47 per cent to MVR 725 million, driven by the reversal of impairment provisions. As part of its expansion, BML announced plans to install ATMs on all inhabited islands by 2025 and launched the ‘Bank Fund’ initiative to support NGOs and sustainable development projects.