Bank of Maldives (BML) CEO Mohamed Shareef has clarified that the expansion of the bank’s ATM network and its entry into the housing sector are strategic business decisions made by the Board of Directors for the bank’s long-term growth, rather than being politically motivated. While the government has made substantial investments in the ATM expansion project, the CEO emphasized that the bank executes these initiatives independently, focusing on commercial viability and profitability.
To date, BML has established ATM services across 105 islands. Furthermore, the bank has formed a specialized subsidiary dedicated to providing affordable housing and has commenced work on the development of 3,260 housing units.
