Banking

Crypto Crash of 2022

5 min read
Crypto has always been a continuous conversation. On one side, the entire basis of the digital currency options was to create a financial system away from the banks and politics,...

Ensuring an enabling SME environment

3 min read
The SME Development Finance Corporation (SDFC) holds heavy ground in strengthening the Maldives' entire SME industry. Even though the policies of SDFC is steered towards reaching out to as many...

The messy situation of debt

5 min read
Ibrahim, the owner of a guesthouse in the local island of Maafushi was forced to rely on a MVR200,000 COVID-relief loan from the SME Development Finance Corporation (SDFC) in 2020...

The BML Mobile app: A welcome refresh

3 min read
With the pandemic necessitating more interactions, and transactions, online, the Bank of Maldives’ refresh of its mobile banking app is seen by many as a welcome change. Even with services...

SDFC: The backbone of SMEs

5 min read
The development of MSMEs is pivotal in creating a resilient and diverse economy while generating employment opportunities in the outer islands. The industry has been long neglected during the past...