BML Approves Record MVR 269 Million Dividend Payout

As the largest shareholder, the government will receive MVR 136.6 million in dividends and an additional MVR 628 million in taxes for 2023.

Speaking at the AGM held at Hotel Jen in Male', BML’s CEO and Managing Director Karl Stumke attributed the record payout to the bank's strong performance in 2023. He expressed gratitude to customers for their loyalty and reaffirmed his commitment to enhancing customer experience and ensuring seamless banking services.

"We will continue to uphold the highest standards of governance and customer centricity, with a focus on digitalization while striving to create a more sustainable and inclusive future for all. Together, we will continue to build a stronger, more prosperous future for Bank of Maldives and the nation we serve," Stumke stated.

He also thanked BML's Board of Directors for their guidance and emphasized the bank's vision to remain the top banking choice in the Maldives.

BML reported a net profit of MVR 2.07 billion last year, the highest in its history. Currently, BML serves 55 percent of the banking sector in the Maldives, solidifying its position as the country's largest bank.