Bank of Maldives Crowns 2025 With Record-Breaking Profits, Historic Milestones, and Nationwide Service Expansion

Bank of Maldives has announced its strongest financial performance to date, closing the year ended 31st December 2025 with record results across every key metric, underpinned by robust growth, transformative service expansion, and an unwavering commitment to its role as the national bank of the Maldives.

The bank concluded 2025 with its highest ever Net Profit After Tax of MVR 2.5 billion, representing a 9.8% increase compared to the previous year. Total assets climbed to MVR 55.8 billion, while total deposits rose to MVR 37.2 billion. In a landmark year for lending, BML disbursed MVR 10.0 billion in new loans and financing, the highest annual lending figure in the bank's history, reflecting its deep commitment to supporting individuals, SMEs, corporates, and key sectors of the Maldivian economy. The year also saw the bank welcome over 30,000 new customers, a powerful testament to the growing accessibility and relevance of its services nationwide.

Reflecting on the year's achievements, CEO and Managing Director Mohamed Shareef said, "The past year has been a defining chapter for Bank of Maldives. We set out to prove that a national bank can be both a driver of record financial performance and a force for social impact. Our record profit and the highest-ever annual lending demonstrate the strength of our business and our commitment to fueling the Maldivian economy. Expansion of our physical network alongside our digital innovations reflects our unwavering dedication to ensuring that every Maldivian, no matter where they live, has access to essential financial services. We are building a bank for all Maldivians, today and for generations to come."

He further added, "My sincere appreciation to our dedicated team for their great work over the past year, and to the Board of Directors for their leadership and guidance. I also extend my sincere appreciation to our shareholders and loyal customers for their continued trust and confidence in the Bank."

Among the year's most defining achievements was the successful completion of the historic project to bring ATM services to every inhabited island of the Maldives, a milestone that has earned widespread local and international recognition. The project was honoured with the prestigious Outstanding Achievement in Financial Inclusion award from Qorus, a global leader in financial services benchmarking, placing BML among the world's most impactful financial inclusion champions.

Alongside its physical expansion, the bank significantly accelerated its digital transformation journey during the year. Customers can now submit all applications, including account openings and loan requests, entirely through Internet Banking and the BML Mobile App, making banking more accessible and paperless than ever before. BML also developed Swipe, a 100% Maldivian-built multicurrency digital wallet designed to future-proof the nation's digital economy and position the Maldives at the forefront of digital financial innovation in the region.

Together, these milestones paint the picture of a bank that is not only delivering exceptional financial results but is also fulfilling its broader national purpose, serving every Maldivian, in every island, at every stage of life.