Bank of Maldives to Open New Branch in Maamigili

Bank of Maldives (BML) has announced the expansion of its services in ADh. Maamigili with the groundbreaking ceremony for a new branch, marking another step in the Bank’s continued efforts to enhance financial accessibility across the nation.

The ceremony, held in Maamigili, was attended by President Dr. Mohamed Muizzu, government ministers, BML Chairperson Ahmed Ali Habeeb, BML Chief Executive Officer and Managing Director Mohamed Shareef, and senior officials from the Bank.

Speaking at the ceremony, BML CEO and Managing Director Mohamed Shareef emphasized the significance of the new branch in strengthening banking access within one of the Maldives’ key tourism hubs. “With the groundbreaking of our new branch in Maamigili and the establishment of ATM services across all inhabited islands in the atoll, we are enhancing access to convenient banking for individuals, businesses, and travelers in one of the country’s most vibrant and tourism-rich regions,” he said.

The expansion aligns with the Bank’s strategic commitment to extend its reach and provide inclusive banking solutions throughout the Maldives. With this development, BML continues to solidify its position as the nation’s leading financial institution, operating 42 branches across all 20 atolls, 190 Self Service Banking Centres, 248 ATMs, and offering comprehensive Agent Banking and Digital Banking services.

Currently, BML operates one branch in ADh. Mahibadhoo, and the new Maamigili branch will further enhance financial accessibility and support economic activity in the atoll.

The initiative forms part of BML’s ongoing investment to strengthen its nationwide presence, supporting both local communities and the tourism sector through improved banking convenience and connectivity.