BML makes Rf20.8 million net profit during first quarter

Bank of Maldives (BML) has made Rf20.8 million as net profit during the first three months of the year, the Bank has said.

According to the financial report posted on the Bank’s website, the Bank had earned Rf221.6 million. This is the first time that a public company in Maldives has posted their financial report for the first quarter. However, the report does not contain the details of last year’s first quarter earnings.

The report says that the Bank had made Rf153.4 million from interests and other charges. The net earnings from interest charges were Rf99.9 million, while the net earnings from fee and commissions were Rf33 million.--Haveeru Daily