Thu, 29 Jan 2026
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BML reports net profit of MVR 837.5 million in Q4 2025
29 Jan 2026
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Photo: Bank of Maldives (BML)
Bank of Maldives (BML) has announced a net profit of MVR 837.5 million for the fourth quarter of 2025.
Unaudited figures released by BML show gross income exceeding MVR 5.5 billion, up 16.1 per cent compared to 2024, and a record profit before tax of MVR 3.2 billion, reflecting a 10 per cent rise year-on-year. Total assets grew to MVR 55.7 billion, a 15 per cent increase, while the Bank maintained a healthy cost-to-income ratio of 27 per cent.
During the year, BML disbursed MVR 10 billion in new loans to individuals and businesses, with capital and liquidity ratios remaining well above regulatory requirements.
Commenting on the results, CEO and Managing Director Mohamed Shareef said the strong performance highlighted the Bank’s strategic focus and disciplined risk management.
"Growth across our core business lines, coupled with disciplined risk management, has enabled us to deliver solid financial results while maintaining a strong balance sheet. We remain committed to supporting individuals, businesses, and communities across the Maldives as we continue to drive sustainable growth. " - CEO and Managing Director, Mohamed Shareef
According to BML, the year 2025 was marked by strategic growth and innovation, including the launch of Green Resort Financing, Hiyavehi Financing at 5 per cent, and the establishment of BML Affordable Home Leasing Pvt Ltd. Nationwide access expanded with the opening of the 40th branch in R. Dhuvaafaru and completion of the ‘Mulhi Raajje ah BML ATM’ project, ensuring presence in all inhabited islands.
Digital and payment innovations included the rollout of online applications for all services, the Swipe digital wallet, new Visa Platinum Debit and Visa Infinite Credit Cards, and accounts in Indian Rupees and Chinese Yuan. Partnerships with Visa, Amex, Alipay+, Weixin Pay, UnionPay, and Mastercard further strengthened the Maldives’ digital payments ecosystem.
Other highlights included the launch of the BML Student Card, the Masveriyaa Portal for fishermen financing, the ENV POS initiative for environmental protection, the Experience Maldives campaign with Amex, the acquisition of SDFC (now SME Digital) to boost SME offerings, and a reduction of merchant fees to 1 per cent to support businesses. BML also received prestigious recognition from Qorus and Mastercard for excellence in financial inclusion and digital transformation.
As the nation’s leading financial institution, BML now operates 42 branches across all 20 atolls, 267 ATMs, and self-service banking centres on every inhabited island, alongside advanced digital platforms.
