Sunday, August 14, 2022
DhiDaily - English Edition
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
DhiDaily - English Edition
No Result
View All Result

BML Approves to Distribute a Dividend of MVR 15 Per Share

Adam Ahid by Adam Ahid
July 15, 2021
0
BML Approves to Distribute a Dividend of MVR 15 Per Share
0
SHARES
9
VIEWS

Bank of Maldives (BML) has approved a dividend of MVR 15 per share, for a total of MVR 80.7 million.

On Thursday, all of BML’s registered shareholders overwhelmingly approved a dividend of MVR 15 per share during the company’s Annual General Meeting via the FahiVote platform.

During the meeting, Bank of Maldives CEO and Managing Director Tim Sawyer emphasised the critical role the bank played in assisting the country during the COVID-19 pandemic and reaffirmed the bank’s commitment to assisting Maldivians during these extraordinary and trying times.

“A key part of our COVID strategy was on securing much needed external funding to ease liquidity pressures. Our strategy proved successful. We secured almost USD 90 million in funding from multiple lending agencies and at the same time, we also worked to ensure we had adequate foreign currency reserves to support the country,” he added.

Tim reflected on last year’s results, stating that while the bank started the year strongly, the pandemic and its consequent impact on their core income lines caused a severe hit to their financials. According to Tim, BML completed the year with a profit after tax of MVR 325 million, a decrease of more than 60% from the previous year.

Furthermore, he added that in last year, BML welcomed over 12,000 new customers and recorded over MVR 3 billion in new lending.

Tags: Annual General MeetingBank of Maldives

Related Posts

Western Union Services Temporarily Suspended in the Maldives
Local

Western Union Services Temporarily Suspended in the Maldives

August 13, 2022
Police Begins Operation to Arrest High-Profile Individuals Involved in Sex Scandal
Local

Three Arrested Over Alleged Same-Sex Videos Released from Custody

August 13, 2022
Maldives and Malaysia Sign Driving License Recognition Agreement 
Local

Maldives and Malaysia Sign Driving License Recognition Agreement 

August 13, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
The Power of Women’s Leadership, A Powerful Economy

The Power of Women’s Leadership, A Powerful Economy

March 14, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 2021
MTCC Launches Online Top-Up Service for Dhathuru Card

MTCC Launches Online Top-Up Service for Dhathuru Card

April 19, 2021
The Defining Challenge & Scandal of Solih's Gov't

COVID-19 & Ventilators: The Defining Challenge & Scandal of Solih’s Gov’t

March 28, 2021
Speaker Nasheed Undergoes Multiple Successful Surgeries

“I Will Not Compete Against President Solih” – Nasheed

1
Cat Strangling Video Receives Backlash

Cat Strangling Video Receives Backlash

1
UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

0
Nasheed Expresses His Concerns and Seeks To Find Answers Regarding The One Room Apartment Project

Nasheed Expresses His Concerns and Seeks To Find Answers Regarding The One Room Apartment Project

0
Western Union Services Temporarily Suspended in the Maldives

Western Union Services Temporarily Suspended in the Maldives

August 13, 2022
Police Begins Operation to Arrest High-Profile Individuals Involved in Sex Scandal

Three Arrested Over Alleged Same-Sex Videos Released from Custody

August 13, 2022
Maldives and Malaysia Sign Driving License Recognition Agreement 

Maldives and Malaysia Sign Driving License Recognition Agreement 

August 13, 2022
Former President Yameen Denies Accusations Made by Close Friend Nazim

Former President Yameen Denies Accusations Made by Close Friend Nazim

August 12, 2022

Recent News

Western Union Services Temporarily Suspended in the Maldives

Western Union Services Temporarily Suspended in the Maldives

August 13, 2022
Police Begins Operation to Arrest High-Profile Individuals Involved in Sex Scandal

Three Arrested Over Alleged Same-Sex Videos Released from Custody

August 13, 2022
Maldives and Malaysia Sign Driving License Recognition Agreement 

Maldives and Malaysia Sign Driving License Recognition Agreement 

August 13, 2022
Former President Yameen Denies Accusations Made by Close Friend Nazim

Former President Yameen Denies Accusations Made by Close Friend Nazim

August 12, 2022
DhiDaily - English Edition

© 2022 Dhidaily

  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި

© 2022 Dhidaily