Bank of Maldives recognized in Forbes global ranking

Bank of Maldives (BML) has been named in the inaugural Forbes World’s Top Performing Banks 2026 list. Compiled in partnership with Statista, the ranking includes 500 banks from 89 countries. BML was placed in Tier 6, a category for institutions with total assets between USD 3 billion and USD 10 billion.

The assessment evaluated banks based on profitability, growth, earnings quality, capital and funding resilience, and asset quality. BML CEO and Managing Director Mohamed Shareef stated that the recognition, based on financial data, confirms the institution is well-capitalized and resilient.

Separately, BML announced the successful completion of The Island Factory project. Supported by the bank’s 2024 Startup Grant program, the GDh. Hoandedhoo-based business produces tuna jerky using modern processing methods. The company has expanded its distribution to over 80 retail outlets across more than 17 islands in the Maldives, including resorts and locations in Male’ and Hulhumale’.