Bank of Maldives Expands ATM Network in Hulhumalé Phase 2 with New MVR and USD Facilities

Bank of Maldives has strengthened access to essential banking services in Hulhumalé Phase 2 with the opening of two new ATM centres, enhancing convenience for residents and businesses in one of the country’s fastest-growing urban areas.

The expansion includes a new ATM centre at the Hiyaa Flat area equipped with an MVR ATM, and a second centre at Eku Hiyaa offering both MVR and US Dollar ATM services. The additions are aimed at meeting increasing demand for reliable cash access as Hulhumalé Phase 2 continues to develop as a key residential and commercial hub.

The inauguration ceremonies were attended by Minister of Economic Development and Trade Mohamed Saeed, along with Bank of Maldives Chairperson Ahmed Ali Habeeb, CEO and Managing Director Mohamed Shareef, and senior officials of the bank.

Speaking at the event, CEO and Managing Director Mohamed Shareef said the new facilities reflect the bank’s continued focus on improving financial access across communities. He noted that Hulhumalé Phase 2 represents a significant area of growth, and that the new ATM centres are part of the bank’s commitment to delivering convenient and dependable banking solutions tailored to the needs of residents and businesses.

In addition to the newly opened centres, Bank of Maldives maintains a strong presence throughout Hulhumalé, including a full-service branch and four Self Service Banking Centres in Phase 1, as well as one Self Service Banking Centre in Phase 2. The bank has also established a US Dollar ATM at the Renaatus Ithaa Mui building in Hulhumalé Phase 1, further expanding foreign currency access.

As the nation’s leading financial institution, Bank of Maldives operates an extensive nationwide network comprising 42 branches across all 20 atolls, 267 ATMs, Self Service Banking ATM Centres on every inhabited island, and advanced digital banking platforms. The bank says it remains committed to supporting communities through expanded service access and innovative banking solutions.