Bank of Maldives (BML) reports best-ever performance in 2023 with a Profit After Tax (PAT) of MVR 2.07 billion.
The bank’s Board of Directors has recommended the highest-ever dividend payout of MVR 50 per share, which would be approved at the next Annual General Meeting (AGM).
BML CEO and Managing Director, Karl Stumke said, “I am pleased to report this record performance for the Bank, which also marks the first time the Bank has crossed MVR 2 billion. As a result of our performance, the Board has proposed a total dividend payout of MVR 269 million which is the highest for our shareholders in the Bank’s history.”
“The government, as our biggest shareholder, also stands to benefit with MVR 136.6 million as dividend and a further MVR 628 million as tax for the year 2023.”
“I would like to thank the Board of Directors for their guidance and stewardship over the year, for continuing to put our customers first while we operate with the added responsibility of ensuring the stability of the financial sector in the Maldives,” Stumke added, and thanked the staff of the bank spread across the country for their hard work as well.