2018-01-25 21:57:49
BML makes a profit of 350 million Rufiyaa in 2017
BML makes a profit of 350 million Rufiyaa in 2017
Estimated time to read the article : 1 min, 40 secs
Bank of Maldives have made a profit of 350 million Rufiyaa in 2017. This is a 42 percent increase compared to the previous quarter.
BML has seen development in almost all the sectors. The loan issue rate also increased significantly. The bank also increased spending on corporate social responsibility programs. According to records 23,000 new customers joined the bank last year.
In a meeting held to give information about “Aharenge Bank” events, CEO of BML Andrew Healy said that with the results of last year they are more confident to reach this year’s goals. He said that they intend to expand their services in the Maldives and also plan to open a branch of BML abroad.
Furthermore, he said that the bank will invest 300 million Rufiyaa to further expand their services.
“We have always maintained that our main target is Maldives. The fast-developing business sector of Maldives and the increase in investments prove this. However investing abroad will also benefit Maldives. We are now preparing to start our services in an Asian country. We are planning to apply for the banking license. We hope to start our services before the end of this year” said the CEO.
BML has seen development in almost all the sectors. The loan issue rate also increased significantly. The bank also increased spending on corporate social responsibility programs. According to records 23,000 new customers joined the bank last year.
In a meeting held to give information about “Aharenge Bank” events, CEO of BML Andrew Healy said that with the results of last year they are more confident to reach this year’s goals. He said that they intend to expand their services in the Maldives and also plan to open a branch of BML abroad.
Furthermore, he said that the bank will invest 300 million Rufiyaa to further expand their services.
“We have always maintained that our main target is Maldives. The fast-developing business sector of Maldives and the increase in investments prove this. However investing abroad will also benefit Maldives. We are now preparing to start our services in an Asian country. We are planning to apply for the banking license. We hope to start our services before the end of this year” said the CEO.