The Bank of Maldives has recorded a 150% rise in profits for 2006 compared with the year before.
The Bank, which is 75% owned by the government through a variety of shareholders, recorded profit after tax of Rf.235 726 million, compared with Rf.94 440 000 in 2005.
The bank has recorded a big rise in both the retail and corporate customers.
“Robust growth in the tourism, fisheries and construction sectors during the second half of the year has driven distributional activities in the country tremendously,” said Chairman Abdul Hameed Mohamed.
Source: Minivan News
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