Bank of Maldives reported improved financial results in the fourth quarter of 2025, contributing to a record full-year performance, according to unaudited financial statements released by the Bank.
Operating profit for the fourth quarter reached MVR 828.7 million, while net profit amounted to MVR 837.5 million, representing a significant increase compared to the previous quarter. The Bank attributed the quarterly outcome to higher income generation alongside continued cost management.
For the full year, gross income exceeded MVR 5.5 billion, reflecting a 16.1 percent increase from 2024. Profit before tax reached MVR 3.2 billion, up 10 percent year-on-year. Total assets expanded to more than MVR 55.7 billion, an annual increase of 15 percent, while the Bank’s cost-to-income ratio stood at 27 percent.
During 2025, the Bank disbursed MVR 10 billion in new loans to individuals and businesses. Capital adequacy and liquidity ratios remained above regulatory requirements, indicating sufficient buffers to support ongoing lending activity.
The year also included several operational and service-related developments. These included the introduction of new financing schemes linked to housing and resort development, the establishment of a subsidiary focused on affordable home leasing, and the expansion of SME-focused digital services. The Bank also opened a new branch in R. Dhuvaafaru and completed its nationwide ATM rollout, resulting in a physical banking presence across all inhabited islands.
On the digital side, Bank of Maldives expanded its payment and account offerings through new card products, a digital wallet, online service applications, and additional foreign currency account options. Partnerships with international payment networks were also extended during the year.
Overall, the 2025 results reflect continued balance sheet growth and higher profitability, alongside ongoing investments in lending, digital services, and nationwide access.
