Bank of Maldives (BML) CEO and Managing Director Karl Stumke told the bank's Annual General Meeting that BML strengthened cybersecurity, expanded services, and posted a record net profit of MVR 2.07 billion in 2023. He said the bank plans to roll out 57 more ATMs across the islands this year, bringing its current total to 142 ATMs.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Karl Stumke said while speaking at the bank’s Annual General Meeting on Tuesday.
Word for word from the report in Maldives Republic. Open the report
We have provided two-factor authentication through both OTP and the use of tokens but have noticed that the uptake on the latter is disappointingly low
To further expand our network, we have plans to roll out 57 more ATMs across the islands this year
Our customer deposits grew by MVR 1.6 billion, solidifying our position as the leading bank in the Maldives with over 55 percent of the market share and reflecting the trust our customers place in us
We are now able to provide Renminbi accounts to our customers who would like to receive Renminbi settlements and use this for future payment obligations
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
BML sent over 4.7 million SMS alerts and issued over 100 social media warnings in the past year.
Word for word from the report in Maldives Republic. Open the report
BML sent over 4.7 million SMS alerts and issued over 100 social media warnings in the past year.
Word for word from the report in Maldives Republic. Open the report
bringing the total number of ATMs to 142, accounting for 75 percent of all ATMs in the country.
Word for word from the report in Maldives Republic. Open the report
bringing the total number of ATMs to 142, accounting for 75 percent of all ATMs in the country.
Word for word from the report in Maldives Republic. Open the report
To further expand our network, we have plans to roll out 57 more ATMs across the islands this year
Word for word from the report in Maldives Republic. Open the report
In 2023, BML posted its highest-ever net profit of MVR 2.07 billion, a milestone attributed to effective liquidity management, increased investment in Treasury bills, and expansion of the loan portfolio.
Word for word from the report in Maldives Republic. Open the report
Our customer deposits grew by MVR 1.6 billion, solidifying our position as the leading bank in the Maldives with over 55 percent of the market share
Word for word from the report in Maldives Republic. Open the report
solidifying our position as the leading bank in the Maldives with over 55 percent of the market share and reflecting the trust our customers place in us
Word for word from the report in Maldives Republic. Open the report