The Board of Directors of Bank of Maldives (BML) has made a historic decision to distribute an unprecedented final dividend of USD 3.24 per share for the previous year, marking the highest dividend amount ever distributed by the bank.
BML achieved significant profits in 2023, totaling USD 134 million after tax deductions. In light of this remarkable financial performance, the Board of Directors has approved the distribution of USD 3.24 per share to shareholders during the upcoming annual general meeting.
Karl Stumke, CEO of BML, expressed pride in the company's achievement of surpassing the USD 130 million profit mark for the first time. He revealed that a total of USD 17 million is allocated for distribution to shareholders, with shareholders set to receive USD 8.9 million in profits, while USD 41 million contributes to tax revenue.
CEO Stumke reaffirmed the bank's commitment to delivering exceptional customer service and ensuring stability in the financial sector. He extended appreciation to the Board of Directors for their guidance and unwavering support, essential in maintaining the seamless provision of banking services.