Bank of Maldives (BML) CEO and Managing Director Karl Stumke has announced that the bank is working on powering their ATMs with solar power.

Speaking at Bank of Maldives’ Annual General Meeting held last night, Karl highlighted the importance of a committed and engaged ESG journey as part of the Bank’s strategy on Sustainability.

“Our strategy will evolve over time and as we follow our own path, we will ensure we do our part to reduce our impact on the environment. This year, 56 new ATMs are planned to be installed and we will ensure that all are operated through solar panels and all new renovations works to our branches retrofits the use of sustainable energy as far as possible,” he said.

He further noted that two ATMs will be placed in Hulhumale Phase 2 this year. As such, he revealed that the location has been finalized with the lease agreement already being signed.

“We have made progress, but our digital journey must continue. It is only through full automation that we can reduce errors, improve efficiencies, and give our customers the control to decide when, how and where they want to bank. We plan to bring positive changes to many of the products and services that currently require manual intervention and at the same time, add new security controls and increase our digital support platforms," he further stated.