The Bank of Maldives (BML) has publicized its financial performance for the third quarter of 2022.
The country’s national bank on Sunday posted its financial performance for the third quarter of 2022 with a Net Profit After Tax of MVR 367 million and an Operating Profit of MVR 694 million which is a 17 percent increase over the previous quarter.
BML revealed that the business volumes across all key sectors were strong whilst maintaining a quality loan portfolio, adding that capital and liquidity ratios are well above regulatory requirements.
With this being said, BML revealed that they expect to endthe year strongly.
The bank’s CEO Karl Stumke revealed that they look forward to a strong end to the year and went on to express gratitude to customers, for their loyalty and support.
This quarter’s financial performance is encouraging with all core business lines performing well. We will work harder to meet our customers’ expectations and continue to support the people of the Maldives by seeking to be their bank of choice. We look forward to a strong end to the year and I would like to thank our customers for their loyalty and support, the Board of Directors for their guidance and oversight and our hardworking team for their continued commitment and dedication”Karl Stumke, BML’s CEO
BML continues to support local communities and opened two new Self-Service Banking Centers in Filladhoo island and Vashafaru island of Haa Alif atoll.
BML also continued its 12 high impact monthly community initiatives leading up to its 40th anniversary to be celebrated in November, by announcing its commitment to establish a dedicated Oncology Ward at Indira Gandhi Memorial Hospital (IGMH), supporting the upgrade of the National Museum and its Sports Scholarship program as well.
BML remains committed to supporting individuals, businesses and communities across the Maldives with a nationwide network of 35 branches across all 20 atolls, 82 Self-Service Banking Centers, 140 ATMs, 7,900 Point of Sale merchants, over 200 agents and a full suite of Digital Banking services.
