Bank of Maldives Reports Strong Q3 2025 Results, Continues Nationwide Expansion

Bank of Maldives (BML) has announced strong financial results for the third quarter of 2025, marking another period of consistent growth and expansion across the country. The Bank reported an operating profit of MVR 791 million, maintaining momentum from the previous quarter and showing a 10% increase compared to the same period last year. Net profit for the quarter reached MVR 475 million, underscoring continued profitability and operational efficiency.

According to the financial statement released today, BML’s total assets stood at MVR 51.5 billion at the end of Q3, while customer deposits reached MVR 33.7 billion. The Bank’s loan portfolio also recorded significant growth, with MVR 6.5 billion in new loans disbursed to individuals and businesses so far this year. Capital adequacy remains well above regulatory requirements, reinforcing the institution’s sound financial foundation and resilience.

Commenting on the performance, BML CEO and Managing Director Mohamed Shareef said the results reflect not only financial strength but also the Bank’s broader role in national development. “We take great pride not only in our strong financial performance but also in our unwavering commitment to shaping the nation’s future—by empowering communities, supporting local businesses, and driving inclusive economic growth,” he said. “We are confident that our positive momentum will continue through the rest of the year.”

In addition to its financial achievements, the quarter saw major milestones in BML’s nationwide expansion efforts. The Bank completed the “Mulhi Raajje ah BML ATM” project in October, a landmark initiative launched in February 2025 to establish Self-Service Banking ATMs across 105 islands within just nine months. The project has significantly enhanced access to financial services in remote communities, further aligning with the Bank’s goal of financial inclusion for all.

Another notable development during the quarter was BML’s acquisition of the SME Development Finance Corporation (SDFC). As part of its strategic vision, the Bank plans to transform SDFC into a Shari’ah-compliant, digital-first subsidiary focused on expanding access to finance for Micro, Small and Medium Enterprises (MSMEs). This move is expected to strengthen support for entrepreneurship and innovation, particularly among local businesses.

With a physical and digital presence across every inhabited island, Bank of Maldives continues to stand as the country’s leading financial institution. Through its extensive branch network, self-service centers, ATMs, cash agents, and digital-first strategy, BML remains committed to delivering accessible and innovative banking solutions that empower individuals, businesses, and communities across the Maldives.