Bank of Maldives Plc

Banking and Finance

Registration no: C-22/1982

TIN: 1002748BPT001

About: Bank of Maldives (BML) is the leading financial institution in Maldives. We are a full-service bank engaging across the complete spectrum of personal, business and corporate financial services. We are privileged to touch the lives of almost every citizen and business in Maldives through our extensive network of branches, agents, relationship managers and online banking facilities. This privilege brings with it great responsibility which we take extremely seriously. We understand that we play a pivotal role as an engine of growth and a partner for success for thousands of individuals, families and businesses. Our aim is to actively participate in community development and to create long-term value for our shareholders. Our business is built on a clear and compelling strategy focused on 3 strategic pillars of Customer Service, Support for Business and Financial Inclusion. Our strategic foundations are People Excellence and Robust Risk Management. We are firmly focused on being a professionally managed, customer-oriented organization which follows international best practices.

Vision: To be the best managed company in the Maldives, with the highest standards of corporate governance and customer satisfaction as well as the best shareholder returns.

Mission: To foster, support, promote and achieve inclusive economic growth through the provision of a full range of business services to support and train local entrepreneurs, community-based organizations engaging in business, and other business development services providers and, in doing so, to contribute meaningfully to sustainable BDS capacity building and the growth of micro, small and medium sized enterprise sector in the Maldives.

Vacant

Non-Executive

Chairman

GoM

Executive

Mr. Karl Stumke

Chief Executive Officer & Managing Director

GoM

Executive

Aishath Noordeen

Director

GoM

Vacant

Non-Executive

Director

GoM

Vacant

Non-Executive

Director

GoM

Vacant

Non-Executive

Director

GoM

Non Executive

Abdulla Hassan

Director

GoM

Non-Executive

Aishath Sajny

Director

GoM

Non-Executive

Abdulla Naseem

Director

Public

Non-Executive

Ibrahim Mohamed

Director

Public

Non-Executive

Ahmed Mohamed

Director

Public

*displays changes during the selected period.



Name Type Designation Effective Date Resigned/removed date
Type Name %
Government The Government of the Maldives 50.80%
Other Government Employee Provident Fund 7.33%
Other Atoll/Island Community Account 4.07%
Public General Public 33.73%
SOEs Maldives Transport and Contracting Company (MTCC) 4.07%