BML expands network to 55 branches with opening of seven new locations
With the inauguration of seven new branches by President Dr. Mohamed Muizzu today, BML has expanded its nationwide network to 55 branches across all 20 atolls. This strategic investment aims to enhance financial accessibility, allowing individuals and businesses across the archipelago to conveniently access essential banking services within their own islands.
President Dr. Mohamed Muizzu officially inaugurated the branches during a ceremony held on Wednesday morning. | Bank Of Maldives
As part of its ongoing efforts to provide banking services to residents across the Maldives, Bank of Maldives (BML) has expanded its network by launching services at seven additional branches.
President Dr. Mohamed Muizzu inaugurated the branches during a ceremony held on Wednesday morning.
The branches are located in the following islands:
- HA. Hoarafushi
- Sh. Kanditheemu
- R. Alifushi
- Lh. Hinnavaru
- ADh. Maamigili
- GA. Gemanafushi
- L. Maavah
The bank stated that with the addition of these branches, BML now operates a total of 55 branches across all 20 atolls. Highlighting that 17 of these branches were opened within the last two years, the bank noted that this reflects its ongoing commitment to investing in bringing banking services closer to the community.
Speaking at Wednesday's ceremony, BML CEO and Managing Director Mohamed Shareef stated that the bank’s growth is reinvested into expanding its services within local communities. He further noted that the bank's financial success enables continued investment in its nationwide network, ensuring that banking services remain accessible and close to every Maldivian citizen.
He further stated that this would facilitate easy access to financial services for individuals and businesses, paving the way for their growth and development.
As the Maldives' leading financial institution, BML operates the nation’s most extensive banking network. This infrastructure includes 55 branches and 340 ATMs across all 20 atolls, complemented by state-of-the-art digital banking services. The Bank remains committed to supporting local communities through continuous innovation and the expansion of its service offerings.
