Bank of Maldives (BML) has approved a record total dividend payout of MVR 269 million at MVR 50 per share.
Shareholders of the country’s national bank approved the record total dividend payout of MVR 269 million at MVR 50 per share, at the bank’s Annual General Meeting (AGM) held on Tuesday.
Speaking at the bank’s AGM, CEO and Managing Director Karl Stumke revealed that this total dividend payout stands as the largest in the bank’s history as they achieved their best-ever performance in 2023.
This total dividend payout stands as the largest in our Bank's history as we achieved our best-ever performance in 2023. I thank our customers for their continued loyalty and we are committed to continuously improving your experience with us and making banking with us as seamless and convenient as possible.”Karl Stumke, CEO and Managing Director of BML.
He stated that BML would continue to uphold the highest standards of governance and customer centricity, with a special focus on digitalization while striving to create a more sustainable and inclusive future for all.
Stumke added that they would continue to build a stronger and more prosperous future, with joint efforts.
The bank’s CEO and MD went on to express gratitude to the bank’s Board of Directors for their guidance and stewardship over the year as well as to BML’s valued shareholders for their continued trust and confidence in the bank.
Stumke expressed commitment to remain steadfast in their vision to be the bank of choice for Maldivians.
As the biggest shareholder of BML, the government stands to benefit with MVR 136.6 million as dividend and a further MVR 628 million as tax for the year 2023.
