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Bank of Maldives financial performance
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2026-10-09 11:53 UTC → 2026-10-09 15:47 UTC ·
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The Bank of Maldives (BML) reported a record nine-month net profit of 1.93 billion MVR, MVR for the first nine months of 2026, marking a 26 percent increase over the same period the previous year. In the third quarter, the bank saw a 36 percent rise in net profit compared to the prior year. 2025. Growth was attributed driven by increased lending to rising digital transactions, vital economic sectors, an expanding deposit base, and increased lending in major economic sectors. rising digital transaction volumes. Total customer deposits reached rose by 14 percent to reach 42.36 billion MVR, while new loans issued during the MVR. During this nine-month period totaled period, the bank issued 12.1 billion MVR. MVR in new loans, a figure that surpassed the total lending recorded for the entirety of 2025. The bank maintained a capital adequacy ratio of 38 percent and a cost-to-income ratio of 28 percent. Despite global economic shifts and geopolitical challenges impacting In terms of foreign currency availability, the bank currency, BML reported that total outward remittances reached 2.86 USD 2.96 billion USD. in inflows through inward remittances and net card settlements during the first nine months of 2026, representing a 15 percent year-on-year increase. Although September experienced a seasonal decline in US dollar receipts to USD 240 million, the bank anticipates a recovery in the final quarter coinciding with the Maldives’ peak tourism season.
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- 2026-10-09 15:47 UTC Bank of Maldives financial performance
- 2026-10-09 11:53 UTC Bank of Maldives financial performance
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