Bank of Maldives (BML) has posted its financial performance for 2022 third quarter.
The bank reports a net profit after tax of MVR367 million, and an operating profit of MVR694 million, a 17% increment from the preceding quarter this year.
Business volumes across all key sectors remained strong, while the bank maintained a quality loan portfolio. The capital and liquidity ratios of the bank were well above regulatory requirements.
The newly appointed Chief Executive Officer, Mr. Karl Stumke spoke about the bank’s strong Q3 performance.
“This quarter’s financial performance is encouraging with all core business lines performing well. We will work harder to meet our customers’ expectations and continue to support the people of the Maldives by seeking to be their bank of choice,” he said.
He added, “We look forward to a strong end of the year and I would like to thank our customers for their loyalty and support, the board of directors for their guidance and oversight and our hardworking team for their continued commitment and dedication.”
The national bank has a nationwide network of 35 branches across 20 atolls. Moreover, it boasts of 82 self service banking centers, 140 ATMs, 7,900 point-of-sale (POS) merchants and over 200 agents. The bank also provides services through its internet and mobile banking applications.