Bank of Maldives (BML) registered an increase of 23 percent in profits during the first quarter of 2017.
BML had reported a net profit of MVR260 million for the first three months of 2017 which was an increase of 23 percent compared to last year.
Commenting on the imporvement, BML's CEO and Managing Director Andrew Healy revealed he was pleased with the positive start of the year.
"Our staff have shown terrific commitment during a very busy quarter, not least in February when we held 28 events in 28 days to mark the launch of ‘Aharenge Bank’, a campaign that is designed to demonstrate our commitment to, and bond with, the communities we serve. We will work hard to continue this positive momentum throughout the rest of the year” said Healy.
BML has also been showing healthy business volumes across all sectors, with an increase in loan book quality. The bank also revealed that their capital and liquidity ratios had excelled in the first quarter of the year.
BML has 34 branches in 20 atolls of the Maldives, with 85 ATMs, 4,000 Point of Sale merchants, 200 cash agents, 27 Self Service Banking Centres and 5 Dhoni Banking Units, as well as a state of the art online banking service.
