President Dr Mohamed Muizzu has inaugurated the Bank of Maldives (BML) corporate campaign "Dhivehinge Bank Mulhi Raajje Ah" (Maldivian Bank for the entire nation) at a ceremony held this morning at Barceló Nasandhura Malé.
The ceremony celebrated several significant milestones, including the launch of the campaign, the introduction of new banking products, and the successful completion of a major infrastructure project that has brought ATM services to all inhabited islands across the Maldives. Vice President Uz Hussain Mohamed Latheef also attended the event.
During the event, the President launched BML's newly introduced Digital Wallet service, while the bank unveiled its rebranding of the SME Development Finance Corporation (SDFC), following its recent acquisition of a majority stake in the company. Additionally, BML introduced its new USD Visa Platinum cards and celebrated receiving the "Outstanding Achievement of the Year in Financial Inclusion" award, which recognises its efforts to expand services and enhance banking accessibility nationwide.
Over the past nine months, BML has successfully installed ATMs on 105 islands across 20 atolls. To mark this achievement, the President presented commemorative plaques to the team responsible for delivering the project, recognising their dedicated contributions.
In turn, the bank presented the President with a commemorative plaque in appreciation of his instrumental role in initiating and supporting the project. The initiative to establish ATM services on all inhabited islands aims to provide convenient and accessible banking services to all Maldivian citizens and advance nationwide financial inclusion.