Bank of Maldives Inaugurates Seven New Branches, Expanding Nationwide Network to 55 Across All 20 Atolls

Bank of Maldives has officially opened seven new branches across the Maldives, bringing its total nationwide network to 55 branches and marking another landmark milestone in the bank's sustained commitment to expanding access to financial services for every Maldivian, regardless of where they live.

The seven new branches were formally inaugurated this morning by His Excellency President Dr. Mohamed Muizzu, underscoring the national significance of the expansion and the vital role BML plays in connecting communities across the archipelago.

The Newly Opened Branches

The seven new branches are located at:

• HA. Hoarafushi
• Sh. Kanditheemu
• R. Alifushi
• Lh. Hinnavaru
• ADh. Maamigili
• L. Maavah
• GA. Gemanafushi

With this expansion, Bank of Maldives now operates 55 branches across all 20 atolls, including 17 branches opened over the past two years alone, a remarkable pace of growth that reflects the bank's unwavering investment in bringing banking services closer to the communities that need them most.

Reinvesting Growth Into Nationwide Access

Speaking at the inauguration, CEO and Managing Director Mohamed Shareef said, "At Bank of Maldives, we reinvest our growth to expand our reach and deepen our presence in the communities we serve. Our strong financial performance allows us to continue investing in our nationwide network, bringing banking services closer to every Maldivian and ensuring that individuals and businesses across the country have convenient access to the financial services they need to grow and thrive."

As the nation's leading financial institution, Bank of Maldives operates the country's largest banking network, comprising 55 branches across all 20 atolls and 340 self-service banking ATMs covering every inhabited island, supported by advanced digital banking platforms. The bank remains deeply committed to supporting communities through innovative solutions and continually broadening access to the financial services that power the lives and livelihoods of Maldivians from one end of the country to the other.