A total dividend payout of MVR 215 million has been approved by shareholders of Bank of Maldives.
The dividend payout was approved at the Annual General Meeting of the country’s national bank, held at the Islamic Center on Monday evening.
As such, a total dividend payout of MVR 215 million with MVR 40 per share was approved.
Taking the podium at the event, the bank’s CEO and Managing Director Karl Stumke revealed that the total dividend of MVR 40 per share approved on Monday includes the interim dividend of MVR 20 per share paid out in the last month.
I would like to extend my appreciation to our team of committed staff across the country for their hard work last year. I would like to thank all our customers for their loyalty and support over the past 40 years. With new strategy in place focusing on sustainability, treating customers fairly and digitalization, we will strive to continue to be the bank of choice in Maldives.”Karl Stumke, CEO and MD of BML.
The total dividend payout for last year is MVR 215 million and the government, as the biggest shareholder, stands to benefit with MVR 125 million as dividend and over MVR 500 million as tax for the year 2022.
During last year’s AGM, BML approved a record dividend payout of MVR 258 million with MVR 48 per share, which was a record dividend payout that reflected BML’s “best ever” performance throughout 2021. The MVR 48 per share included the interim dividend of MVR 13 per share paid out earlier in 2022. This was the highest figure approved in the bank’s history.
BML distributed MVR 80.7 million as the final dividend, at a rate of MVR 15 per share during 2020.