BML to hold its 2025 AGM on Saturday

The Bank of Maldives (BML) is scheduled to hold its 2025 Annual General Meeting this Saturday.

According to a notice issued by BML on Sunday, its 43rd AGM will begin at 9:00 pm on Saturday at the ballroom of Barceló Nasandhura Malé.

Shareholders and proxyholders can either attend the AGM in-person, or join it online via Maldives Securities Depository (MSD)’s meeting management system, FahiVote.

Pre-registration opened on March 16, and is set to close at 09:00 pm Thursday. Registration is also open via MSD’s online system, Infinity.

At the AGM, shareholders will approve the bank’s 2025 financial statements, audit report, and dividend. According to the BML, its Board of Directors will also be proposing the issuance of bonus shares, a share split and amendments to the bank’s standing orders – which also requires shareholder approval.

The BML has announced a record financial performance for 2025 with a profit after tax of MVR 2.5 billion, marking a 9.8 percent increase from the previous year.

Meanwhile, total assets increased to MVR 55.8 billion, and the bank disbursed MVR 10 billion in new loans to individuals and businesses – marking the highest amount issued in loans over a one-year period.

The bank also welcomed over 30,000 new customers last year, with the customers deposits rising by 16 percent compared to the previous year.