Nationwide Banking Access Achieved Through BML ATM Project

29 October 2025, 05:00

Bank of Maldives has completed its project to install ATMs on every inhabited island in the country, providing 24-hour access to banking services nationwide. The announcement was made at a ceremony held today to recognize the work carried out under the ‘Mulhi Raajje Ah BML ATM’ initiative.

President Dr. Mohamed Muizzu attended the event and presented certificates of recognition to the project team for completing the work within nine months. The first ATM was installed in February 2025, and the rollout covered 105 islands across all 20 atolls.

According to Bank of Maldives, the project involved coordinating with multiple partners to deliver the installations in a short timeframe while reducing expenses by approximately 33 percent compared to typical ATM deployment costs.

Speaking at the ceremony, CEO and Managing Director Mohamed Shareef said the project fulfills a long-standing commitment to ensure access to banking services no matter where people live. He highlighted that the new network allows customers to withdraw cash and use key services without traveling long distances.

The project has also received international recognition, earning the ‘Outstanding Achievement of the Year in Financial Inclusion’ award from Qorus, a global financial industry program.

Nationwide Banking Access Achieved Through BML ATM Project

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