Bank of Maldives (BML) shareholders have approved a record total dividend payout of MVR 269 million at MVR 50 per share, at the Bank’s Annual General Meeting on Tuesday evening.
Speaking at the meeting, BML’s Chief Executive Officer and Managing Director Karl Stumke commented, “This total dividend payout stands as the largest in our bank’s history as we achieved our best-ever performance in 2023.”
“I thank our customers for their continued loyalty and we are committed to continuously improving your experience with us and making banking with us as seamless and convenient as possible.”
Stumke added that the bank will continue to uphold the highest standards of governance and customer centricity. He said that BML will continue to focus on digitalization while striving to create a more sustainable and inclusive future.
“Together, we will continue to build a stronger, more prosperous future for Bank of Maldives and the nation we serve.”
In his speech, Stumke also thanked the board of directors for their guidance and stewardship over the year and to the shareholders for their continued trust and confidence in the bank. He added that BML remains steadfast in its vision to be the bank of choice in the Maldives.
With a record dividend payout announced, the government, as the biggest BML shareholder, stands to benefit with MVR 136.6 million as a dividend and a further MVR 628 million as tax for the year 2023.