Bank of Maldives Wins Global Financial Inclusion Award from Qorus

Bank of Maldives (BML) has been honored with the “Outstanding Achievement of the Year in Financial Inclusion” award by Qorus, a leading international organization that recognizes excellence in the global financial services industry.

The award was presented during the Reinvent Forum Dubai 2025, celebrating institutions that demonstrate innovation and impact in expanding financial access.

The accolade recognizes BML’s landmark ‘Mulhi Raajje ah BML ATM’ initiative, completed on 28th October 2025, which ensured that every inhabited island in the Maldives now has access to essential banking services. Through the project, the Bank established Self-Service Banking units on 105 islands within just nine months, bringing unprecedented convenience and financial accessibility to communities across the archipelago.

Commenting on the recognition, CEO and Managing Director Mohamed Shareef said the award is a testament to the Bank’s long-term efforts in serving communities nationwide.

“We are proud to receive this award in recognition of our efforts to expand banking services across the country. This achievement reflects the significance of our journey. We are happy to be present in every inhabited island, and we remain committed to further enhancing our services to better serve our customers,” he said.

As part of the program in Dubai, Shareef also delivered a presentation titled “Boats to Digital Banking: BML’s Financial Inclusion Journey,” which highlighted the Bank’s nationwide expansion and the success of the “Mulhi Raajje ah BML ATM” project.

Qorus, backed by a network of 1,200 financial institutions across more than 120 countries, is widely regarded as a leading global authority in financial sector benchmarking and innovation.

BML, the largest financial institution in the Maldives, now operates 42 branches across all 20 atolls, supported by 202 Self Service Banking Centres, 262 ATMs, and a suite of advanced digital banking services. The recognition by Qorus underscores the Bank’s continued commitment to strengthening financial inclusion and supporting communities throughout the country.