The Bank of Maldives (BML) has announced the expansion of its footprint in Alif Dhaalu (ADh) Atoll with the groundbreaking of a new branch in Maamigili, underscoring its commitment to improving nationwide financial accessibility.
The inauguration ceremony took place in Maamigili and was attended by President Dr. Mohamed Muizzu, Cabinet Ministers, BML Chairperson Ahmed Ali Habeeb, Chief Executive Officer and Managing Director Mohamed Shareef, and other senior bank officials.
Speaking at the ceremony, CEO and Managing Director Mohamed Shareef emphasized the strategic significance of the expansion. “With the groundbreaking of our new branch in Maamigili and the establishment of ATM services across all inhabited islands in the atoll, we are enhancing access to convenient banking for individuals, businesses, and travelers in one of the country’s most vibrant and tourism-rich regions,” he said.
The move marks another milestone in BML’s ongoing strategy to strengthen its nationwide banking infrastructure. The bank currently operates 42 branches across all 20 atolls, supported by 190 self-service banking centres, 248 ATMs, and a robust agent banking network that extends services to the most remote islands. Its comprehensive digital banking platform also continues to drive financial inclusion and modern banking convenience across the Maldives.
In Alif Dhaalu Atoll, BML already maintains a full-service branch in Mahibadhoo. The addition of the Maamigili branch — a key island for both tourism and transport connectivity — is expected to bolster business activity and support residents, visitors, and local enterprises alike.
With this expansion, the Bank of Maldives reaffirms its role as the country’s leading financial institution, continuously investing in infrastructure that promotes inclusive, accessible, and future-ready banking services across the archipelago.
