Bank of Maldives (BML) has officially launched its services with the installation of two new ATMs in Hulhumale’ Phase II. A special ceremony was held to mark the official commencement of BML ATM services in this area. The ATM services were formally inaugurated by the Minister of Economic Development and Trade, Mohamed Saeed. The event was attended by BML Chairperson Ahmed Ali Habeeb, BML CEO and Managing Director Mohamed Shareef, and other senior officials from the bank.
BML announced that the ATMs, strategically located between Hiyaa Flat Towers 6 and 7, will offer 24-hour access to various services for both individuals and businesses. These services include cash withdrawals, deposits, bill payments, and transfers. Furthermore, the ATMs established in the Hiyaa area will also provide US Dollar services, enhancing convenience for residents and businesses.
The first ATM under the “BML ATMs across Maldives” project was established in February of this year. Impressively, within a mere nine months, the bank has successfully deployed ATMs in 105 islands spanning all 20 atolls of the Maldives. BML characterizes the swift completion of this extensive project as an unprecedented success for the Maldives. This endeavor was executed to the highest standards, with the participation of numerous stakeholders, involving significant effort to ensure prompt service delivery.
The bank further highlighted that due to efficient cost management and streamlined project execution, the current cost of establishing these ATMs represents a 33% reduction compared to previous ATM deployment expenses.
