BML to Open New Business Centre in Kulhudhuffushi

Kulhudhuffushi City – Bank of Maldives (BML) has announced plans to expand its banking services in Kulhudhuffushi with the development of a new Business Centre, its second branch in the city. The groundbreaking ceremony was held today with the participation of President Dr. Mohamed Muizzu, government ministers, BML Chairperson Ahmed Ali Habeeb, BML CEO and Managing Director Mohamed Shareef, along with senior officials of the Bank.

The new Business Centre will be dedicated to supporting enterprises in Kulhudhuffushi and the wider atoll, becoming the third of its kind in BML’s network after Male’ City and Addu City. The initiative marks a strategic step in the Bank’s broader efforts to strengthen financial services in key regional hubs.

Speaking at the ceremony, BML CEO and Managing Director Mohamed Shareef highlighted the significance of the development, stating that the Bank remains committed to expanding its presence across the atolls. “We continue to focus on enhancing our presence and services in the atolls, with a particular emphasis on key regional hubs like Kulhudhuffushi City. Today, we are delighted to take a significant step forward in providing support to the business community here with a new branch dedicated to businesses,” he said.

The expansion follows a series of service rollouts earlier today, including the opening of a new branch and ATM in Nolhivaranfaru, and the introduction of ATM services in Vaikaradhoo and Neykurendhoo.

As the country’s leading financial institution, BML currently operates 42 branches across all 20 atolls, supported by 154 Self-Service Banking Centres, 213 ATMs, and advanced digital banking solutions. The Bank’s latest addition is expected to significantly boost accessibility and financial inclusion for businesses and individuals in the region.