Friday, August 19, 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 Records MVR 554 Million Profit in Q1 2022

Ibrahim by Ibrahim
April 30, 2022
0
A Walkthrough Maldives’ Terrifying Dollar Tale
0
SHARES
8
VIEWS

Bank of Maldives (BML) recorded a net profit of MVR 554 million during the first quarter of 2022.

As per the quarterly financial report of BML, the bank’s operating profit during the first quarter of 2022 amounted to MVR 612 million, up 10% versus the previous quarter, and 14% on the same period last year. The bank’s profit after tax amounted to MVR 554 million, up 18% compared to the previous quarter and 55% higher compared to Q1, 2021.

BML stated strong performances in all business lines as well as reversal of NPA provision have contributed to the strong quarterly performance. BML stated capital and liquidity ratios remain solid and well above regulatory requirements, adding the bank lent over MVR 1 billion to both businesses and individuals by end of the quarter.

BML’s CEO and Managing Director Tim Sawyer said the bank continues to perform well financially, noting solid growth was seen across key business lines despite global uncertainty. He added the bank is in an excellent position to push ahead with its strategy, with further investment in improving customer experience and delivering on its digital banking initiatives.

Tags: BML

Related Posts

Parliament Heads into Recess As Preparations for Last Annual Term Edges Closer
Local

Government to Forward 30 Bills for Last Session of Parliament 

August 18, 2022
STO Lowers Fuel Prices
Business

STO Lowers Fuel Prices

August 18, 2022
Health Ministry Ordered to Recover US$ 33,000
Local

Health Ministry Ordered to Recover US$ 33,000

August 18, 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Your email address will not be published.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
MTCC Launches Online Top-Up Service for Dhathuru Card

MTCC Launches Online Top-Up Service for Dhathuru Card

April 19, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 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
Parliament Heads into Recess As Preparations for Last Annual Term Edges Closer

Government to Forward 30 Bills for Last Session of Parliament 

August 18, 2022
STO Lowers Fuel Prices

STO Lowers Fuel Prices

August 18, 2022
Health Ministry Ordered to Recover US$ 33,000

Health Ministry Ordered to Recover US$ 33,000

August 18, 2022
Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

August 18, 2022

Recent News

Parliament Heads into Recess As Preparations for Last Annual Term Edges Closer

Government to Forward 30 Bills for Last Session of Parliament 

August 18, 2022
STO Lowers Fuel Prices

STO Lowers Fuel Prices

August 18, 2022
Health Ministry Ordered to Recover US$ 33,000

Health Ministry Ordered to Recover US$ 33,000

August 18, 2022
Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

August 18, 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