The Bank of Maldives (BML) has further extended its reach into the island communities with the recent launch of three ATM centers in Feridhoo, Bodufolhudhoo, and Himandhoo in Alif Alif Atoll. These new additions bolster BML’s ongoing efforts to provide around-the-clock banking services to more residents and businesses in the Maldives’ outlying regions, reflecting its commitment to accessible and reliable financial services.
These ATM centers offer 24-hour access to essential banking services, including cash withdrawals, deposits, and money transfers, supporting individuals and businesses alike. Equipped with state-of-the-art multi-functional ATMs, these centers streamline transactions that typically require visiting a full-service bank, making daily banking more convenient for local residents. The centers in Feridhoo and Bodufolhudhoo add to the existing BML facilities in the atoll, bringing the total number of ATM centers in Alif Alif to seven.
Additionally, BML has operated a branch in Rasdhoo since 2006, which has provided full-service banking to the region, including personal and business accounts, loan products, and more. This strategic expansion aligns with the bank’s objective to strengthen the banking infrastructure in Alif Alif and facilitate economic growth. The recent additions aim to support local communities in managing their finances with ease while also reducing travel time and costs associated with banking on distant islands.
BML CEO Mohamed Shareef expressed his enthusiasm for the expansion, highlighting that it aligns with the bank’s mission to support sustainable development across the Maldives. He emphasized that the new ATM centers enable residents to access essential banking functions and provide a platform for digital banking, offering a comprehensive banking experience to even the most remote parts of the atoll. Shareef also noted that BML’s investments in infrastructure and digital banking technology underline the bank’s commitment to both local development and the broader economic growth of the country.
Beyond Alif Alif Atoll, BML operates a robust network of 39 branches throughout the Maldives, along with 91 self-service centers and 147 ATMs nationwide. The bank also offers extensive digital banking services, ensuring that customers can manage their finances with flexibility, regardless of their location. Through its investments, BML aims to support communities, individuals, and businesses with convenient, secure, and reliable banking options that cater to the needs of a modernizing Maldives.
The bank’s growing footprint in the Maldives illustrates its role as a catalyst for financial inclusion and economic resilience, reinforcing its status as a vital pillar in the Maldives’ banking industry.
