Bank of Maldives (BML) has reported its strongest financial performance on record for the year ended 31 December 2025, posting a net profit after tax of MVR 2.5 billion, reflecting a year of sustained growth in lending, deposits and service expansion.

According to the bank’s annual financial results, profit increased by 9.8 per cent compared to the previous year. BML’s total assets rose to MVR 55.8 billion, while total deposits reached MVR 37.2 billion by the end of 2025. The bank also disbursed MVR 10 billion in new loans and financing during the year, marking the highest annual lending figure in its history.

BML said the lending growth reflects continued financing support to individuals, small and medium enterprises, corporates and key sectors of the Maldivian economy. The bank also recorded an increase in its customer base, with more than 30,000 new customers joining during the year.

Commenting on the results, Chief Executive Officer and Managing Director Mohamed Shareef said the performance reflects both financial strength and the bank’s national mandate, noting that expansion of services has been pursued alongside commercial growth. He said the bank has continued to extend access to financial services across the country through both physical outlets and digital platforms.

The CEO also acknowledged the contribution of staff and the guidance of the board, while expressing appreciation to shareholders and customers for their continued support.

Among the key milestones achieved in 2025 was the completion of a nationwide rollout of ATM services to every inhabited island. The initiative received international recognition, with BML being awarded ‘Outstanding Achievement in Financial Inclusion’ by Qorus, a global benchmarking body for financial services institutions.

Alongside its physical expansion, BML said it accelerated its digital transformation during the year, enabling customers to submit applications for services, including account openings and financing, through its internet banking platform and mobile application. The bank also introduced a locally developed multi-currency digital wallet, ‘Swipe’, aimed at supporting the country’s growing digital payments ecosystem.