BML expands ATM services across V. Atoll with new Rakeedhoo center

The Bank of Maldives (BML) opened a self-service banking ATM in Rakeedhoo on Saturday, marking the expansion of ATM services across all inhabited islands of V. 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 BML launched ATM services in the island of Rakeedhoo on Saturday, in a ceremony attended by President Dr. Mohamed Muizzu, government ministers, as well as BML’s Chairperson Ahmed Ali Habeeb, CEO and Managing Director Mohamed Shareef, board directors, and other senior officials.

Speaking at the inauguration ceremony, Shareef said that the national bank has now covered all inhabited islands of 12 out of 20 atolls.

 “Under the ‘Mulhi Raajje ah BML ATM’ project, we have now covered all inhabited islands in 12 atolls across the country,” he said. “For each island and its community, each ATM installation represents a significant advancement in promoting financial inclusion and facilitating convenient access to banking services.”

The BML also opened ATMs on Saturday in F. Feeali and F. Biledhdhoo.

The BML has an extensive network comprising 42 branches across all 20 atolls, 166 self-service banking centers, 225 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.