The Bank of Maldives (BML) has recorded its best-ever performance in 2023 with a profit after tax of MVR 2.07 billion.
As a result, the bank's board of directors has recommended a record dividend payout of MVR 50 per share. This will be approved at the Annual General Meeting (AGM).
"I am pleased to report this record performance for the bank, which also marks the first time the bank has crossed MVR 2 billion. As a result of our performance, the board has proposed a total dividend payout of MVR 269 million which is the highest for our shareholders in the bank’s history," said CEO and Managing Director Karl Stumke.
CEO and Managing Director Karl Stumke. -- Photo: BML
"The government, as our biggest shareholder, also stands to benefit with MVR 136.6 million as dividend and a further MVR 628 million as tax for the year 2023," he added.
He thanked the board of directors for their guidance and stewardship over the year to ensure the stability of the financial sector in the Maldives.
