Bank of Maldives (BML) has broken ground on its second branch in Kulhudhuffushi City, marking a major step in its nationwide expansion strategy and commitment to strengthening access to financial services across the atolls.
The groundbreaking ceremony, held today, was attended by President Dr. Mohamed Muizzu, cabinet ministers, BML Chairperson Ahmed Ali Habeeb, and the Bank’s CEO and Managing Director Mohamed Shareef, alongside senior officials.
A New Hub for Business Banking
The new branch will serve as Kulhudhuffushi’s dedicated Business Centre, supporting the growing commercial community in the city and the wider Haa Dhaalu atoll. It will be BML’s third such hub, joining its established Business Centres in Malé and Addu City.
Highlighting the Bank’s vision, CEO and MD Mohamed Shareef said:
“We continue to focus on enhancing our presence and services in the atolls, with a particular emphasis on key regional hubs like Kulhudhuffushi City. Today, we are delighted to take a significant step forward in providing support to the business community here with a new branch dedicated to businesses”.
Strengthening Financial Access in the Atolls
The Kulhudhuffushi expansion comes on the same day BML inaugurated a new branch and ATM in Nolhivaranfaru, while also introducing new ATM services in Vaikaradhoo and Neykurendhoo. These developments reflect the Bank’s continued investment in decentralised banking infrastructure, ensuring more communities gain convenient access to essential financial services.
National Network and Market Leadership
As the Maldives’ largest financial institution, BML today operates an extensive nationwide network:
- 42 branches across all 20 atolls
- 154 Self-Service Banking Centres
- 213 ATMs
- Comprehensive Digital Banking solutions
With these investments, the Bank reinforces its position as the country’s leading provider of financial services, enabling both individuals and businesses to thrive in an increasingly connected economy.
