Bank of Maldives (BML) has announced its financial results for the third quarter of 2025, reporting another period of strong performance and sustained growth.
The Bank recorded an operating profit of USD 51.3 million, consistent with the previous quarter and up 10 percent compared to the same period last year, when the operating profit stood at USD 46.6 million.
Net profit for the quarter stood at USD 30.8 million, reflecting robust profitability and operational efficiency. This represents a 3.4 percent decline compared to the previous year, when the Bank posted a net profit of USD 31.9 million.
The Bank’s loan portfolio continues to expand steadily, with USD 421.5 million in new loans disbursed to individuals and businesses year to date. Total assets at the end of the quarter reached USD 3.34 billion, while customer deposits totaled USD 2.19 billion. Capital adequacy remains strong, well above regulatory requirements, reinforcing the Bank’s sound financial position.
Commenting on the results, BML’s Chief Executive Officer and Managing Director Mohamed Shareef stated the Bank takes great pride not only in its strong financial performance but also in its unwavering commitment to shaping the nation’s future by empowering communities, supporting local businesses, and driving inclusive economic growth. He expressed confidence that Bank’s positive momentum will continue through the rest of the year.
During the quarter, the Bank continued its nationwide expansion, enhancing access to financial services across all regions. In October 2025, the Bank successfully completed the “Mulhi Raajje ah BML ATM” project, launched in February 2025, establishing Self-Service Banking ATMs in 105 islands within just nine months.
In addition, the Bank announced the acquisition of SME Development Finance Corporation (SDFC) during the quarter. Under this strategic move, SDFC will be transformed into a Shari’ah-compliant, digital-first subsidiary, leveraging technology to expand access to finance for Micro, Small and Medium Enterprises (MSMEs).
With a presence in every island across the Maldives, Bank of Maldives continues to strengthen its position as the nation’s leading financial institution. Through its extensive network of branches, self-service banking centres, ATMs, cash agents, and digital first policy, the Bank remains committed to empowering individuals, businesses, and communities.