Business

Third quarter profit rise by 35% for BML

Profit registered for Bank Of Maldivesm(BML) on third quarter of 2017 has increased by 35 percent.

The public limited corporation, with major government stakes had incurred a financial net profit of MVR 247 million post tax deduction.

The national bank had opened three new self service centers across the atolls and had opened a state-of-the-art customer service center in Male' during the third quarter. Additionally the bank's aim in creating 150 jobs post an investment of MVR 300 million will be achieved as per BML.

BML' Chief Executive Officer and Managing Director Andrew Healy confirmed the company's targets have been mostly achieved for the year.

Recently in August, BML had been awarded the "Asia's Leading Employer Brand" award by Singapore's Employer Branding Institute and World HRD Conference.

The bank enjoys rendering services through 34 branches in 20 different atolls along with 31 self service banking centers and 90 ATMs. BML also boasts 4,600 POS merchants and 205 cash agents all across the country.

BML had adapted latest technological advancements in providing online and mobile banking options to its customer base.