Bank of Maldives has reported its strongest financial performance to date, with profit, lending, and deposits all recording growth over the past year.
The bank posted a profit after tax of MVR 2.5 billion, reflecting an increase of around 10 percent compared to the previous year. Growth was supported by an expansion in lending, with the net loan portfolio rising by 25 percent to MVR 25.2 billion.
Total assets increased to MVR 55.8 billion, while customer deposits reached MVR 37.2 billion, indicating continued growth in the bank’s balance sheet and deposit base. The bank also maintained a capital adequacy ratio of 48.1 percent, remaining well above regulatory requirements, alongside a stable liquidity position.
Addressing shareholders at the Annual General Meeting, CEO and Managing Director Mohamed Shareef said the bank’s performance reflects both financial growth and its role in supporting economic activity across the Maldives. He noted that the bank continues to expand its services while maintaining a focus on financial inclusion.
The bank’s strategic direction remains centred on three areas: digital services, customer experience, and sustainability. According to the bank, ongoing investments are being directed towards improving service delivery, expanding digital capabilities, and strengthening operational efficiency.
Bank of Maldives currently serves more than 390,000 customers nationwide and continues to position itself as a key financial institution supporting individuals, businesses, and broader economic activity.
The bank indicated that it expects to maintain strong performance going into 2026, supported by its current financial position and ongoing strategic initiatives.
