Bank of Maldives’ shareholders have approved a dividend pay-out of MVR129.17 million (MVR24 per share) at the Bank’s AGM held at Hotel Jen, Male’ on 30th July 2019.
The state, as BML’s largest shareholder, will benefit from the increased payout and it was reported that when both taxation and dividend payments are taken into account, total state receipts will amount to MVR 390 million.
Addressing shareholders, CEO Tim Sawyer said, “Financial performance of the Bank has never been better nor loan book standards higher which enabled us to significantly expand our community investments throughout the year and positions us to continue such investment moving forward”.
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