The branch was opened by Minister of Finance and Treasury Ahmed Munawwar, in a special ceremony in Centro Mini Mall.
Customers can open accounts, deposit and withdraw from their accounts as well as access ATM services.
Speaking in the ceremony, Minister Munawwar said that MIB successes in the past few years has been remarkable and that the Bank will soon become one for the Maldivians.
MIB Board Chair Najmul Hassan said that customer service was the highest priority for the Bank and new branches will be opened this year. Branches have been opened in Addu City, GDh. Thinadhoo and Kulhdhuffushi.