BML CEO Addresses Shareholders at AGM, Reflecting on a Record-Breaking Year and Charting the Path Ahead

Bank of Maldives CEO and Managing Director Mohamed Shareef took centre stage at the bank's Annual General Meeting, delivering a comprehensive address to shareholders that celebrated the bank's most successful year in its 43-year history while outlining the strategic vision that will carry BML confidently into the future.

The financial results presented at the AGM told a story of exceptional performance across every key metric. The bank recorded a Profit After Tax of MVR 2.5 billion, a 10% increase from the previous year, driven by a 25% expansion in its net loan portfolio, which reached MVR 25.2 billion. Total assets surpassed MVR 55.8 billion, while customer deposits grew to MVR 37.2 billion, reflecting sustained and strong market confidence in the institution. The bank's performance was further underpinned by robust risk management, with a Capital Adequacy Ratio of 48.1%, well above the regulatory requirement, and a stable liquidity position throughout the year.

Addressing shareholders, Mr. Shareef drew attention to the deeper significance of the year's achievements. "2025 was not just a year of record profits, it was a year where we strengthened our role as the true national bank, driving economic growth and deepening financial inclusion across every corner of the Maldives," he said. "Our success is measured not only in our financial results but in the tangible impact we have on the lives of Maldivians and the businesses that drive our economy."

The CEO reaffirmed the bank's strategic direction, anchored on three core pillars: Digital First, Customer Service Excellence, and Sustainability and Responsibility. Outlining the path forward, Mr. Shareef stated, "In a rapidly changing landscape, we are strengthening the Bank by investing for the future. Our focus is on improving customer experience, expanding digital capabilities, and strengthening operational efficiency, supporting long-term sustainability and continued investment in our people, customers and the nation, to remain the Bank of the People."

Closing his address on a note of deep gratitude, Mr. Shareef extended his sincere appreciation to the bank's over 390,000 customers, its dedicated employees, and its shareholders for their unwavering trust and continued support. He also paid tribute to the Chairperson and the Board of Directors for their invaluable guidance and steadfast stewardship throughout the year. Looking ahead, Mr. Shareef expressed strong confidence that Bank of Maldives is well-positioned to deliver another year of outstanding performance in 2026.