Bank of Maldives (BML) has reported a net profit after tax of MVR 1.3 million for the first half of 2026, representing a 21 percent increase compared to the same period last year.
The Maldivian lender also recorded an operating profit for the six-month period, according to figures released by the bank.
The results were announced by Mohamed Shareef, CEO and Managing Director of BML, highlighting the institution's financial trajectory in the current fiscal year.
The profit growth suggests strengthening underlying business conditions for the bank, which operates in a market heavily influenced by tourism and foreign exchange flows.
While the absolute profit figure remains modest, the year-on-year improvement indicates effective cost management or revenue generation strategies implemented by the bank's leadership.
Investors and stakeholders will be looking for further details on the drivers behind the operating profit and any strategic initiatives planned for the second half of the year.