Bank of Maldives (BML) reports significant financial improvements for the first quarter of 2022.
As per the national bank of the island nation, its profit after tax for the review quarter reached MVR554 million which is an 18% increment compared to the previous Q4-2021, and another 55% increment when compared with the corresponding quarter of Q1-2021.
On the other hand, the bank’s operating profits for Q1-2022 reached MVR612 million, which is a 10% increment when compared with the preceding quarter.
Furthermore, operating profits of the bank had increased by 14% when compared with the corresponding quarter of the previous year.