Maldives Islamic Bank (MIB) has expanded its services by opening a new branch in Baa Eydhafushi and introducing ATM services in Kendhoo, Thulhaadhoo, and Goidhoo within the same atoll.
The new branch and ATMs were officially inaugurated by Finance Minister Hassan Zareer during ceremonies held across the four islands. MIB Deputy CEO Ahmed Riza and other senior bank officials also attended the events.
MIB stated that the opening of the Eydhafushi branch marks a significant milestone in its ongoing efforts to expand banking services across the Maldives.
The Eydhafushi branch is an upgrade of the bank’s former sales center on the island. It has been developed to provide comprehensive banking services for both individuals and businesses under one roof, including account opening, financing solutions, and other essential banking facilities.
The newly installed ATMs in Baa Atoll will provide 24-hour Maldivian Rufiyaa deposit and withdrawal services. Additionally, the Eydhafushi branch offers both Maldivian Rufiyaa and US Dollar withdrawal and deposit facilities.
The bank emphasized that the objective of expanding its ATM network in Baa Atoll is to strengthen its presence across the country and ensure customers have convenient access to essential banking services.
According to MIB, the establishment of this branch will provide convenience to the residents of Eydhafushi and neighboring islands in accessing financial services.
