Business

Bank of Maldives offers 60% of the loan from the banking sector

Former Chief Financial Officer (CFO) Abdul Haleem from National Pension Fund reveals that Bank Of Maldives (BML) offers 60% of the loan from the banking sector.

He stated that BML plays an important role in the financial sector of the Maldives and there is an opportunity for increasing profits for them in the near future.

BML has the highest share in the banking sector. There are around 279,000 customers in BML. They have offered MVR 12.5 billion loans to companies and to citizens and MVR 1 billion to government loan schemes.

Bank of Maldives(BML) has gained MVR 17 billion as deposit money and have 37 branches in the Maldives.

In 2018, they achieved MVR 1.6 billion as profits.

Full details are available at the link below:

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Source URL: Corporate Maldives

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