President Launches Expanded BML Branch Network and ATM Services

President Dr Mohamed Muizzu has inaugurated an expanded branch network and ATM services of Bank of Maldives (BML).

The launch took place at a ceremony held at Barceló Nasandhura yesterday evening, where the President simultaneously introduced BML’s new branch network across six islands. He also inaugurated 90 newly installed ATMs nationwide, including 70 US dollar ATMs and 20 Maldivian rufiyaa ATMs. Cabinet ministers and senior BML officials attended the event.

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According to the President’s Office, expanding banking services across the Maldives remains a key government priority. As part of this policy, the administration initiated a project to establish ATM services on every inhabited island, aimed at improving access to essential banking.

The initiative, titled ‘Dhivehinge Bank Mulhi Raajje Ah’ (Maldivian Bank for the entire nation), was completed in October 2025. The nine-month project ensured that each inhabited island is equipped with at least one self-service banking unit.

With the decentralisation of these services, residents are now able to deposit, withdraw and transfer funds, as well as make credit card and loan payments, directly from their home islands.