Bank of Maldives has expanded its nationwide banking infrastructure with the launch of a new self-service ATM facility in Thilafushi, strengthening access to financial services in one of the country’s most important industrial zones.
The newly established ATM was officially inaugurated in the presence of Minister of Economic Development and Trade Mohamed Saeed, alongside the Bank’s Chief Executive Officer and Managing Director Mohamed Shareef and senior management officials.
The Thilafushi installation forms part of Bank of Maldives’ broader 2026 expansion strategy, which focuses on enhancing accessibility, convenience, and service coverage for both individuals and businesses. The Bank has announced plans to roll out additional self-service banking centres, branches, and ATMs throughout the year, including more than 70 new United States dollar ATMs nationwide. These upgrades aim to improve foreign currency access, particularly in key commercial and economic hubs.
Commenting on the expansion, Mohamed Shareef said the continued growth of the ATM network remains a strategic priority for the Bank as it works to deliver reliable and convenient banking services across the Maldives. He noted that the Thilafushi ATM reflects Bank of Maldives’ commitment to supporting economic activity and ensuring customers benefit from modern, accessible financial solutions as the institution advances its service offerings in 2026.
As the country’s leading financial institution, Bank of Maldives currently operates 42 branches across all 20 atolls, supported by 267 ATMs and self-service banking ATM centres on every inhabited island. The Bank also offers a full suite of digital banking platforms, reinforcing its role in delivering inclusive and innovative financial services nationwide.
