Bank of Maldives (BML) has revealed that it made MVR 350 million in the last quarter of 2017.

At a ceremony held at Jen Hotel on Thursday, the Maldives’ main bank said that this is 42 percent higher than the third quarter of the year.

However, it did not release the annual profit, as the financial report is still being audited. In 2016, BML made an annual profit of MVR 1.03 billion, the biggest profit made in a year since its establishment.

Speaking at today’s ceremony, BML’s Chief Executive Officer and Managing Director Andrew Healy said that last year’s result gives hope to the work the Bank is doing to reach its goal, to actively participate in community development and to create long-term value for our shareholders.

He added that BML intends to further widen its services across the country, as well as to expand business overseas.