Bank of Maldives (BML) has expanded its banking network by opening seven additional branches as part of its ongoing efforts to provide banking services to communities across the Maldives. The new branches were officially inaugurated by President Dr Mohamed Muizzu.
The new branches are located in Hoarafushi in Haa Alif Atoll, Kanditheemu in Shaviyani Atoll, Alifushi in Raa Atoll, Hinnavaru in Lhaviyani Atoll, Maamigili in Alif Dhaal Atoll, Gemanafushi in Gaafu Alif Atoll, and Maavah in Laamu Atoll.
With the addition of these branches, Bank of Maldives now operates a total of 55 branches across all 20 atolls of the Maldives. This includes 17 branches opened over the past two years, reflecting the bank’s continued investment in expanding access to banking services and bringing them closer to communities throughout the country.
Speaking at the inauguration ceremony, Bank of Maldives Chief Executive Officer and Managing Director Mohamed Shareef said the bank is reinvesting its growth to further expand its services across local communities. He noted that the bank’s financial growth is being channelled into strengthening its nationwide network so that banking services are more accessible to every Maldivian. He added that this expansion will make it easier for individuals and businesses to access the financial services they need, helping to support their growth and development.
As the Maldives’ largest financial institution, Bank of Maldives operates the country’s most extensive banking network. In addition to its 55 branches across all 20 atolls, the bank also provides access to more than 340 ATMs and a range of modern digital banking services.