Bank of Maldives (BML) has strengthened its nationwide financial reach with the inauguration of new Self-Service Banking ATMs in Vaavu Atoll’s Fulidhoo and Thinadhoo islands. The move comes under the bank’s flagship initiative “Mulhi Raajje ah BML ATM”, aimed at ensuring greater financial inclusion across the country.
The launch was officiated at a special ceremony attended by President Dr. Mohamed Muizzu, along with cabinet ministers, BML Chairperson Ahmed Ali Habeeb, Chief Executive Officer and Managing Director Mohamed Shareef, and senior executives of the bank.
Speaking at the event, CEO Mohamed Shareef emphasized the significance of the expansion, noting that the two new ATMs add to existing facilities in Keyodhoo and Feridhoo, alongside a full-service branch in Felidhoo. “With the addition of Fulidhoo and Thinadhoo, and the upcoming ATM in Rakeedhoo, we are set to complete coverage across all inhabited islands in Vaavu Atoll. This milestone reflects our continued commitment to providing communities with convenient access to essential banking services” Shareef said.
Bank of Maldives, recognized as the nation’s leading financial institution, currently operates 42 branches across all 20 atolls, complemented by 165 Self-Service Banking Centres and 224 ATMs. The bank’s presence also extends through Agent Banking services and advanced digital banking platforms, making it the backbone of the Maldives’ financial system.
The expansion in Vaavu Atoll underscores BML’s strategy of blending physical banking infrastructure with digital solutions, bridging service gaps in remote communities while supporting government efforts to boost economic development and decentralization.
