In a major stride toward inclusive banking, Bank of Maldives (BML) has announced the successful installation of self-service ATM facilities in ten more islands of Shaviyani Atoll, completing its coverage of the atoll under the nationwide “Mulhi Raajje ah BML ATM” initiative.
The move is part of the bank’s broader mission to make essential financial services accessible across all inhabited islands in the Maldives. With this latest expansion, BML brings convenient banking directly to communities that previously needed to travel long distances for basic services.
Speaking on the milestone, BML CEO and Managing Director Mohamed Shareef emphasized the program’s community-centric approach.
“We are proud to have delivered ATM services to 37 islands within this year alone,” Shareef said. “Our team remains committed to ensuring that every inhabited island in the country will have access to ATM services by the end of the year. This project is about removing barriers and bringing banking closer to home.”
He further noted the growing reliance on the bank’s atoll-based infrastructure. So far in 2025, customers outside the capital have deposited over MVR 1.45 billion via the bank’s island-based ATMs, signaling strong demand and active financial engagement in the outer atolls.
“These numbers highlight the critical role our ATM network plays in empowering island communities,” Shareef added.
Strategic Growth & Future Vision
This latest expansion cements BML’s position as the leading financial institution in the Maldives. The bank now operates:
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39 branches across all 20 atolls
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133 Self Service Banking Centres
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188 ATMs nationwide
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A robust Agent Banking network
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A full suite of digital banking services
As BML continues to grow its physical footprint, the bank is also investing in digital solutions and third-party partnerships to serve a fast-changing financial landscape.
With the “Mulhi Raajje ah BML ATM” program in full swing, residents of even the most remote islands now have on-demand access to withdrawals, deposits, and account services, marking a significant leap toward financial inclusion and economic decentralization in the Maldives.
