BML marks record-breaking year with strong growth and national impact
Shareef expressed gratitude to the bank’s more than 390,000 customers, its employees and shareholders for their ongoing trust and support. He also acknowledged the Chairperson and Board of Directors for their guidance and leadership and conveyed confidence in the bank’s strong outlook for 2026.
CEO and Managing Director of Bank of Maldives Mohamed Shareef addressing shareholders during the bank's AGM held on 28 March 2026. | BML | Bank of Maldives
After achieving the most successful year in its 43-year history, CEO and Managing Director of Bank of Maldives Mohamed Shareef addressed shareholders during the Annual General Meeting held on Saturday evening.
He highlighted the bank’s landmark accomplishments, ongoing strategic expansion, continued progress in digital transformation and its consistent support for customers and communities.
The country’s national bank reported a Profit After Tax of MVR 2.5 billion, representing a 10 percent rise compared to the previous year. This growth was driven by a 25 percent increase in its net loan portfolio, which reached MVR 25.2 billion. Total assets exceeded MVR 55.8 billion, while customer deposits climbed to MVR 37.2 billion, indicating sustained strong market confidence.
The bank’s performance was further reinforced by effective risk management, reflected in a Capital Adequacy Ratio of 48.1 percent, significantly higher than regulatory requirements, along with a stable liquidity position.
Shareef noted that 2025 stood out not only for its record profits but also for reinforcing the bank’s position as the national bank, contributing to economic growth and expanding financial inclusion throughout the Maldives.
He emphasized that the bank’s achievements were reflected not just in financial outcomes but also in the meaningful impact on individuals and businesses across the country.
He reiterated the bank’s strategic priorities, which focus on three main pillars: Digital First, Customer Service Excellence, as well as Sustainability and Responsibility. He explained that in an evolving environment, the bank is strengthening its foundation through forward-looking investments aimed at enhancing customer experience, broadening digital services, and improving operational efficiency. These efforts support long-term sustainability and continued investment in employees, customers, and the nation, reinforcing its identity as the “Bank of the People.”
In closing, Shareef expressed gratitude to the bank’s more than 390,000 customers, its employees and shareholders for their ongoing trust and support. He also acknowledged the Chairperson and Board of Directors for their guidance and leadership and conveyed confidence in the bank’s strong outlook for 2026.
