BML expands ATM services across R. Atoll

The Bank of Maldives (BML) opened a self-service banking ATM in Fainu on Monday, marking the expansion of ATM services across all inhabited islands of R. Atoll.

The new ATM was established as part of the “Mulhi Raajje ah BML ATM" initiative – an initiative that seeks to establish ATM services in all residential islands by the end of this year.

The inauguration ceremony on Monday was attended by Local Government Minister Adam Shareef Umar, BML Chairperson Ahmed Ali Habeeb, BML CEO and Managing Director Mohamed Shareef and other senior bank officials.

Speaking at the inauguration ceremony, Shareef said that the national bank has now covered all inhabited islands of 16 out of 20 atolls.

“With the establishment of ATM network in R. Atoll, we are one step closer to our goal of bringing accessible banking services across the Maldives. This marks the 16th atoll where our ATM services are available in every inhabited island,” he said.

In addition to Fainu, ATM service was also launched on Monday in Vaadhoo, Rasgetheemu, Angolhitheemu, Hulhudhuffaaru, Maakurathu, Innamaadhoo, and Rasmaadhoo.

The BML has an extensive network comprising 42 branches across all 20 atolls, 188 self-service banking centers, 246 ATMs, comprehensive agent banking services, and advanced digital banking solutions.

The bank launched an initiative to establish ATMs in all residential islands of the Maldives last year – a project that it expects to wrap up by November.