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MIB Asset Value Surpasses MVR 10 Billion

Maldives Islamic Bank reported that its asset value reached MVR 10.42 billion in the last quarter, the first time it has crossed the MVR 10 billion mark, with financing, deposits, revenue and net profit all up year on year. The 28 percent state-owned bank also said it has been expanding branches and moving services such as account opening and Ujala financing online.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures10as written, with their sentences

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.

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

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  • MVR 10.42 billion MIB asset value Maldives Republic The asset value of the Maldives Islamic Bank (MIB) stood at MVR 10.42 billion last quarter, the 28 percent state-owned bank has revealed.

    Word for word from the report in Maldives Republic. Open the report

  • 34.31 per cent Asset value growth Maldives Republic This is the first time the bank has breached the MVR 10 billion mark; up 34.31 per cent over the third quarter (Q3) of 2023.

    Word for word from the report in Maldives Republic. Open the report

  • 28 percent State ownership of MIB Maldives Republic The asset value of the Maldives Islamic Bank (MIB) stood at MVR 10.42 billion last quarter, the 28 percent state-owned bank has revealed.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 5.48 billion Financing portfolio Maldives Republic MIB’s financing portfolio increased to MVR 5.48 billion over the last quarter; up 45.55 percent from Q3 of 2023.

    Word for word from the report in Maldives Republic. Open the report

  • 45.55 percent Financing portfolio growth Maldives Republic MIB’s financing portfolio increased to MVR 5.48 billion over the last quarter; up 45.55 percent from Q3 of 2023.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 8.46 billion Deposit base Maldives Republic Meanwhile the bank’s deposit base increased to MVR 8.46 billion in Q2 of this year; a 26.46 percent increase over the previous year.

    Word for word from the report in Maldives Republic. Open the report

  • 26.46 percent Deposit base growth Maldives Republic Meanwhile the bank’s deposit base increased to MVR 8.46 billion in Q2 of this year; a 26.46 percent increase over the previous year.

    Word for word from the report in Maldives Republic. Open the report

  • 50.80 percent Revenue growth Maldives Republic Revenue grew by 50.80 percent over the same quarter last year.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 81.71 million Net profit Maldives Republic Net profit stood at MVR 81.71 million for Q3; up 53.76 percent over the previous year.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave MVR 819 million 15 Jun, 23:32 Maldives RepublicMVR 177 million 26 Apr, 17:40 Maldives Republic

  • 53.76 percent Net profit growth Maldives Republic Net profit stood at MVR 81.71 million for Q3; up 53.76 percent over the previous year.

    Word for word from the report in Maldives Republic. Open the report

Subjects

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Finance & banking

Named in these reports

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Ibrahim H. Shihab