BML expands presence with new branch in Nolhivaranfaru

Bank of Maldives (BML) has officially inaugurated a new branch in Nolhivaranfaru island of Haa Dhaal atoll, reaffirming its commitment to expanding accessible and inclusive banking services across the country.

The new branch, which also includes a Self-Service Banking ATM Center, will offer a full range of in-person banking services with a focus on BML’s “Islamic finance first” policy for both individual and business customers.

The inauguration ceremony, held on the island on Tuesday, was attended by President Dr. Mohamed Muizzu, members of his Cabinet of Ministers, BML Chairperson Ahmed Ali Habeeb, CEO and Managing Director Mohamed Shareef, along with other senior officials from the Bank.

Speaking at the event, CEO and Managing Director Mohamed Shareef expressed immense pride in launching their new branch.

We are immensely proud to launch our new branch in Nolhivaranfaru which will offer our Islamic finance first policy for both individual and business customers. By expanding access to banking services, we are driving sustainable economic growth in our vibrant communities and enabling financial inclusion across the country.”

Mohamed Shareef, CEO and MD of BML.

This strategic expansion strengthens BML’s position as the country’s leading financial institution. The Bank now operates 42 branches across all 20 atolls, 151 Self-Service Banking Centers, 209 ATMs, and offers a comprehensive suite of digital banking solutions.