Bank of Maldives (BML) have inaugurated a new premise for its Kudahuvadhoo branch in Dhaalu atoll.
In a ceremony held in Kudahuvadhoo, Dhaalu Atoll, the additional building was inaugurated by the Minister of Finance and Planning, Moosa Zameer. Senior officials from BML, atoll and island council members and residents from the island were also in attendance.
Speaking during the ceremony, Minister Zameer reinterred that accessibility of essential services to all citizens is a high priority of President Dr Mohamed Muizzu. Especially as Kudahuvadhoo is the administrative island of the atoll consisting of a large population, the establishment of the premise would be beneficial to the local community, he said.
BML said that the new branch office will integrate modern digital services geared towards a ‘paperless’ operation. Additionally, the new branch office will provide financial services compliant with Islamic shariah for individuals and businesses, it said.
The new branch will provide a wide array of services including account creation, loan management services and card services during official hours. And it will also provide 24-hour cash deposit/withdraw facilities similar to the branches in the rest of the atoll, to add to this bill payments and transfer services will also be made available.
The new branch adds to the nationwide network of BML offices and service providers. These include 48 branches in 20 atolls, self-service ATM’s, ATMs and over 200 agents across the island nation. And with the continuous enhancement of its digital banking infrastructure, BML aims to provide a comprehensive and beneficial service nationwide, it attested.
The first BML branch was opened in the nation’s capital Male’ city in 1982. As a mandate of the national bank, BML aims to enhance financial inclusivity in the Maldives.