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Bank of Maldives Initiates Regulatory Process for SDFC Acquisition
The Bank of Maldives has begun the regulatory process to acquire the government's shares in the SME Development Finance Corporation (SDFC) after Cabinet approval, with the Ministry of Finance having reviewed the matter first. The Maldives Monetary Authority said the planned transaction complies with the legal and regulatory framework, and BML said SDFC would become an Islamic subsidiary while keeping current SME lending rates.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
MVR 500 millionSME loans to be provided in the first yearThe StandardMVR 500 million in SME loans during the first year
Word for word from the report in The Standard. Open the report
MVR 300 millionInvestment in MISFIThe StandardMVR 300 million investment in MISFI
Word for word from the report in The Standard. Open the report
Other events named
no clear day, as worded
The Bank of Maldives officially commenced regulatory procedures to acquire the government's shares in the SME Development Finance Corporation (SDFC).The StandardThe Bank of Maldives (BML) has officially commenced regulatory procedures to acquire the government’s shares in the SME Development Finance Corporation (SDFC), following Cabinet approval of the acquisition.
Word for word from the report in The Standard. Open the report
