Bank of Maldives Initiates Regulatory Process for SDFC Acquisition

Bank of Maldives (BML) has started regulatory procedures to acquire the government's shares in SME Development Finance Corporation (SDFC) after Cabinet approval. BML committed MVR 500 million in SME loans and MVR 300 million investment in MISFI. Post-acquisition, SDFC will become an Islamic financial institution subsidiary of BML, with digital upgrades. The Maldives Monetary Authority confirmed compliance with legal frameworks.

Bank of Maldives (BML) has started regulatory procedures to acquire the government's shares in SME Development Finance Corporation (SDFC) after Cabinet approval. BML committed MVR 500 million in SME loans and MVR 300 million investment in MISFI. Post-acquisition, SDFC will become an Islamic financial institution subsidiary of BML, with digital upgrades. The Maldives Monetary Authority confirmed compliance with legal frameworks.

Bank of Maldives (BML) has started regulatory procedures to acquire the government's shares in SME Development Finance Corporation (SDFC) after Cabinet approval. BML committed MVR 500 million in SME loans and MVR 300 million investment in MISFI. Post-acquisition, SDFC will become an Islamic financial institution subsidiary of BML, with digital upgrades. The Maldives Monetary Authority confirmed compliance with legal frameworks.

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