List of Banks in Mauritius

MoLaBank is a comparison Website whose purpose is to compare all Banks in Mauritius. Here’s a list of all authorized Banks in Mauritius with a short synopsis. As banking licenses are given by the Bank of Mauritius. The banks described here are all licensed by the Bank of Mauritius :


ABC Banking Corporation Ltd

ABC Banking Corporation Ltd, the banking arm of the ABC Group of Companies was first established in 1997 as a leasing company under the name of ABC Finance & Leasing Ltd and subsequently obtained its banking licence on 1 June 2010. It is the first leasing company in Mauritius to have successfully converted into a Bank.

On 9 December 2010, ABC Banking Corporation Ltd started operations as a full‐fledged commercial bank at Port Louis with a solid base of deposit and leasing portfolio. The Bank has been aiming at excellent service delivery driven by innovation and operating on the most advanced banking technology platform in the market.

The bank has been segmented through the following lines of business; Retail Banking, Corporate Banking, Leasing, International Banking and Treasury Services and provides a broad mix of financial products and services to businesses as well as individuals, including the ABC Debit MasterCard, Home Loans and Student Loans, and ABC Premier Savings Account. ABC Banking has an asset base of MUR 15.2 billion and currently employs over 100 staff.

Vision:

Be the preferred and trusted bank in our stakeholders’ quest for excellence.

Mission:

We strive to delight our customers whilst delivering on our responsibilities towards the country, community & environment. We shall also drive the continuous development of the bank as one team whilst catering for diverse interest, providing development opportunities for individual talents. Furthermore, we commit to uphold the shareholders’ trust in us.

Contact Details:

ABC Banking Corporation Ltd
Head Office & Main Branch
WEAL HOUSE, Duke of Edinburgh Avenue
Place d’Armes, 11328, Port Louis, Mauritius
Tel: (230) 206 8000
Fax: (230) 208 0088
Email: info@abcbanking.mu
Website: www.abcbanking.mu

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AfrAsia Bank Limited

Headquartered in the Mauritius International Financial Centre, AfrAsia Bank is a boutique financial services provider, serving the Africa‐Asia trade and investment corridor and operating as an integrated bank, combining its strengths and expertise in three core divisions namely; Private Banking and Wealth Management, Corporate and Investment Banking and International Banking Solutions.

In addition to its anchor Mauritian shareholder GML, the largest conglomerate on the island, other strong strategic partners include PROPARCO (subsidiary of the Agence Française de Développement and other major financial institutions), Intrasia Capital (Singapore) and AsiaBridge. The Bank’s core banking and transactional capabilities are also complemented by its asset management arm, AXYS Capital Management and its investment banking arm, AfrAsia Corporate Finance based in South Africa.

AfrAsia Bank’s global structure comprises of representative offices in South Africa, namely Cape Town and Johannesburg and a strategic stake in AfrAsia Kingdom Zimbabwe Limited (AKZL). Products and services offered by the bank include corporate and project finance, debt capital market and bond issuance, structured trade finance, treasury, global custody services, investment banking, amongst others.

The Bank, incorporated in 14 January 2007, currently employs 149 staff with its subsidiaries/ associate companies. AfrAsia Bank has been recognised for its unremitting dedication, receiving several awards amongst which the Best Local Private Bank in Mauritius in 2012 & 2013 (Euromoney), Best Online Reporting 2013 (PriceWaterHouseCoopers Mauritius) and Best Private Bank in Mauritius in 2011 (Euromoney).

Corporate Philosophy:

AfrAsia Bank aims to be the reference point for Corporate & Investment Banking, Private Banking and Global Business Solutions linking Mauritius and the Africa‐Asia trade corridor by being closer to those markets.

Contact Details:

AfrAsia Bank Limited
Bowen Square
10, Dr Ferrière Street
Port Louis, Mauritius
Tel: (230) 208 5500
Fax: (230) 213 8850
Email: afrasia@afrasiabank.com
Website: www.afrasiabank.com
blog.afrasiabank.com

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Bank of Baroda

Bank of Baroda was established on 20 July 1908 as a regional bank in India. It has now become one of the largest Public Sector Banks in India having a history of continuous profits since its inception. Bank of Baroda operates in overseas territories since 1953 and has presence in 25 countries with a global network of over 4250 branches.

Mauritius operations: Bank of Baroda has been present in Mauritius since 1962, and has presently 7 domestic branches with onsite ATMs and one off shore Banking Unit. Moreover, there is one mobile banking unit which is unique and provides doorstep banking services in about 30 villages throughout the island since 1965. The bank has built up a satisfactory performance trail over the last 50 years in Mauritius.

It has online connectivity with all its branches in Mauritius and almost all the operations of the bank are under core banking Solution (CBS) which enhances the good customer service. Our VISA debit card can be used on any ATM with VISA LOGO either locally or internationally. Internet banking facility is also in place for the tech savvy customers.

Coupled with the technology, other services such as worldwide transfer of funds, direct debits, various attractive loans and deposit schemes, international banking products such as foreign currency loans, trade finance etc are also offered to our valued customers.

Mission Statement:

‘To be a top ranking national bank of international standards committed to augment stakeholders’ value through concern, care and competence.’

Contact Details:

Bank of Baroda
Bank of Baroda Building
22, Sir William Newton Street
Port Louis, Mauritius
Tel: (230) 208 1504/05
Fax: (230) 208 3892
Email: bobgen@intnet.mu
Website: www.bankofbaroda‐mu.com

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Bank of China (Mauritius) Limited

Bank of China is the first Chinese bank licensed to conduct banking operations in Mauritius.

In the future, the Bank of China (Mauritius) Limited will be mainly engaged in corporate banking, energetically expanding deposit-taking, lending, international settlement, trade finance and financial institutional business, proactively conducting cross-border RMB businesses, and endeavouring to grow into a strategic platform for African businesses of the BOC Group as well as to providing all-round quality financial services for multinationals and customers, handling businesses between the two countries, thereby serving as a bridge between economic and investment contacts between China and Mauritius.

BOC is the most internationalized and diversified bank in China. The Bank grooms its footprint in 46 countries and regions. It has set up a global services network to deliver all-round financial services to customers across the globe. It is the sole Chinese financial institution that has operated for more than 100 years, the sole Chinese enterprise that has been listed in Fortune Global 500 for 27 consecutive years, and the sole financial institution from emerging market economies that has been enrolled as a Global Systemically Important Bank for five consecutive years.

BOC ranks fourth in The Banker’s Top 1000 World Banks 2015.

Contact Details:

BANK OF CHINA (MAURITIUS) LIMITED
420/510-20 Dias Pier,
Le Caudan Waterfront,
PORT LOUIS

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Bank One Limited

Bank One is a 50:50 joint venture (JV) between CIEL Group of Mauritius and I & M Bank of Kenya. The JV took over the bank in Feb 2008 which was rebranded as Bank One. Bank One is a universal bank providing a range of banking and financial products and services which include transaction and deposits accounts, personal finance, trade finance, corporate finance and capital market services, and a host of other unique banking services, with tailor‐made solutions for Retail Banking, Corporate Banking, Private Banking & Wealth Management and International Banking.

Bank One is a medium size bank in Mauritius with an asset base of over MUR 20.1 billion and above 300 employees. It operates with sixteen branches throughout Mauritius and has a well distributed network of ATMs and fully operational Banking platform. With a client base of above 50,000 serviced by a team of highly professionals in a fully computerized on‐line IT environment, the Bank also offers international Debit Card, Visa Card, Visa prepaid Card as a well as e‐commerce facilities.

Bank One also contributes to various social activities privileged through Foundation Nouveau Regard, a recognised NGO initiated by CIEL Group.

Our Vision:

To be amongst the leading domestic banks known for its excellence and a regional player.

Contact Details:

Bank One Limited
16, Sir William Newton Street,
Port Louis, Mauritius
Tel: (230) 202 9200
Fax: (230) 210 4712
Email: info@bankone.mu
Website: www.bankone.mu

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Banque des Mascareignes Ltée

Banque des Mascareignes is a wholly‐owned subsidiary of Groupe BPCE, France. Founded in 2009, Groupe BPCE serves a total of 36 million customers. Groupe BPCE pursues all the different activities of a banking specialist through: The cooperative retail banking networks comprised of 19 Banque Populaire banks and 17 Caisses d’Epargne in France and an international network of banks under the supervision of BPCE IOM.

The Groupe BPCE owns a number of subsidiaries including Banque 1818 and Natixis, the Group’s specialized corporate & investment banking, asset management and financial services arm, a publicly listed company on the Paris stock exchange. The central institution – BPCE – defines the strategy and assumes responsibility for the control and coordination of the Group. All the credit institutions affiliated to BPCE are covered by a guarantee and solidarity mechanism.

Banque des Mascareignes Ltée beneficiates from the support of Groupe BPCE and aims at developing synergies within the Group so as to enrich its range of value‐added and innovative products and services.

With a retail network of 12 branches and a Foreign Exchange desk at SSR International Airport, Banque des Mascareignes serves individual and professional customers as well as SMEs and Private Banking customers throughout the island. The bank also provides a comprehensive range of specific products and services to large Corporates and International Banking customers.

Contact Details:

Banque des Mascareignes Ltée
Maeva Tower, 9ème étage,
Cnr Silicon Avenue & Bank Street,
Cybercity, Ebène 72201
Ile Maurice
Tel: (230) 207 8600
Fax: (230) 210 2300
Email: serviceclient@bm.mu
Website: www.banquedesmascareignes.mu

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Banque Privée de Fleury Limited

Banque Privee de Fleury Limited (BPF) is the latest addition to the Mauritius banking Sector. Licensed in 2014, BPF opened its doors for business in 2015, providing first class private banking services to discerning international clientele. We offer wealth management and banking services in co-operation with some of the top international wealth management experts from around the world.

Our Core Value :

Our values are a shared understanding of what we stand for as an organization. Our values guide our behaviors and help us make decisions in our day to day work.

At BPF, our values revolve around TRUST.

Truthful :               Do what is right
Respect :                Value every voice
Understanding :   Adjust to differences cordially
Service :                  Serve our clients with a smile
Transformative :   Provide a secure and smart digital capability

Contact Details:

Banque Privée de Fleury Limited
4th Floor, 19 Bank Street,
Cybercity, Ebene 72201 Mauritius
Tel: (230) 468 1946
Fax: (230) 468 1945
Email: operations@bpfprivatebanking.com
Website: www.bpfprivatebanking.com

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 BanyanTree Bank Limited

BanyanTree Bank was established in Mauritius in December 2012 and commenced operations in February 2013. The bank is promoted by finance professionals both local and international with business and strategic experience in the financial services space and forms part of the Banyan Tree Group.

The bank has built an asset of MUR 6.6 billion, with profit after tax of MUR 127.9 million in the third year of operations, ending 31 December 2015. It offers fixed deposit accounts and current and savings accounts in foreign currency and Mauritian Rupees at attractive rates. The bank also provides remittance products both local and international through the SWIFT network and “Go Account” for banking the unbanked/underserved population.

BanyanTree Bank is at the forefront of technological innovation and is committed to enhance the user experience by providing differentiated and innovative products. The bank aims to offer products and solutions that are cost effective and encourage savings by individuals and corporates. It has partnered with Tata Consultancy Services (India’s largest Technology Company) for a cloud services model which will significantly reduce costs for the bank.

Vision:

BanyanTree Bank plans to roll out Treasury Products, Private Banking and Remittances to specialized corridors and Channel Financing.

Contact Details:

BanyanTree Bank Limited
Level 13, Tower 1, Nexteracom, Cybercity
Ebene, Mauritius
Tel: (230) 468 1101
Fax: (230) 468 1902
Email: info@banyantreebank.com
Website: www.banyantreebank.com

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Barclays Bank Mauritius Limited

Barclays Bank was the first international bank to establish operations in Mauritius on 15 October 1919. The bank operated as a branch of Barclays Bank PLC until 1 June 2013 when it became Barclays Bank Mauritius Limited (“BBML”) and a subsidiary of Barclays Group.

One of the most important landmarks on the financial front is that the bank pioneered offshore operations by being the first financial institution in Mauritius to launch itself into global business in 1990.

Barclays Mauritius provides a range of banking services to personal and corporate customers.
Personal services include current and savings accounts, foreign currency accounts, loans ‐ including home loans and multi‐purpose loans, credit cards, ATMs and telephone banking. Business services include lending products, trade and export finance and many specialist services such as treasury, foreign exchange and capital markets capability.

Vision & Mission:

Leveraging upon the global presence of Barclays through operations in 50 countries across 27markets and building upon an extensive network in Africa, Barclays Mauritius is able to provide a complete range of sophisticated services spanning cash management, deposits, treasury, trade and lending to meet the needs of the most exacting customers.

Contact Details:

Barclays Bank Mauritius Limited
Managing Director’s Office
Barclays Bank Mauritius Limied
4th Floor, Barclays House
68/68A, CyberCity
Ebene, Mauritius
Tel (230) 404 1701
Fax (230) 465 4806
Email: barclays.mauritius@barclays.com
Website: www.barclays.mu

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Century Banking Corporation Ltd

Century Banking Corporation Ltd (CBC) was the first bank in Mauritius to be granted an Islamic banking licence on 3 September 2010 and started its operations on 31 March 2011.

CBC is a boutique investment bank, combined with private banking and international banking facilities, which targets mainly clients from Africa, Asia and Middle East by offering tailor‐made Shari’a compliant products and services.

Century Global Ltd (CGL), the fully‐owned subsidiary of CBC, is a category 1 Global Business Company. It acts as the investment arm of CBC and holds the following financial services licenses issued by the FSC namely CIS Manager License and Investment Dealer (Full Service Dealer ‐ including underwriting) License.

Vision:

Leadership through effective performance in Shari’a compliant banking practices.

Mission:

Driven by a selfless belief that personalized service will build valued relationships when delivered with integrity.

Contact Details:

Century Banking Corporation Ltd
Suite 405, 4th Floor, Barkly Wharf
Caudan Waterfront, Port Louis
Mauritius
Tel: (230) 213 3400
Fax: (230) 213 9200
Website: www.cbc.com.mu

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Deutsche Bank (Mauritius) Limited

Deutsche Bank is a leading global investment bank with a strong and profitable private client’s franchise. Established in 1870, it is listed on both the Frankfurt and New York Stock Exchanges. Deutsche Bank is present in 74 countries with over 100,000 employees. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets.

Deutsche Bank (Mauritius) Limited (DBML), whose main office is based in Port Louis, is a fully owned subsidiary of Deutsche Bank AG, Germany. DBML was incorporated in 1998 and began operating in early 1999. The bank provides a comprehensive range of global business banking services to financial institutions and intermediaries, international business groups and private clients through its Private Wealth Management, Fiduciary and Global Transaction Banking divisions. Deutsche Bank also runs a large in‐sourcing operations base in Mauritius, which services a number of Deutsche Bank offices worldwide. Currently, the bank employs a total staff complement of over 250. In 2009, Deutsche Bank (Mauritius) Limited opened another office situated in Ebène.

Our Values:

Performance: We are committed to a result‐oriented culture
Trust: We behave reliably, fairly and honestly.
Teamwork: We benefit from the diversity of our business and our people by working together to achieve success.
Innovation: We are constantly challenging conventional wisdom and developing new solutions to meet customer requirements.
Client Focus: We place customers at the centre of our activities and they drive all that we do.

Mission Statement:

We compete to be the leading global provider of financial solutions, creating lasting value for our clients, our shareholders, our people and the communities in which we operate. We aspire to be the leading client centric global universal bank

Contact Details:

Deutsche Bank Mauritius Limited
4th Floor, Barkly Wharf East
Le Caudan Waterfront,
Port Louis, Mauritius
Tel: (230) 202 7878
Fax: (230) 202 7898
Email: dbml.enquiries@list.de.com
Website: www.db.com/mauritius

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Habib Bank Limited

Habib Bank Limited (HBL) has a presence in 25 countries (including France, USA, UK Singapore, Seychelles, Dubai, China amongst others) – worldwide, serving a customer base of over 5 million with a network of over 1500 branches across the globe, with its Head Office located in Karachi, Pakistan. The Aga Khan Fund for Economic Development (AKFED) acquired 51% of the shareholding of HBL in Feb 2004. Established as a branch in Mauritius, HBL started its operations in 1964. Currently the Bank has a network of 3 branches with 2 additional upcoming branches in 2013.

Key highlights of HBL Group:

Rated AAA (long term) and A‐1+ (short term)
Asset Base USD 16.5billion
Latest Acquisition:
Citibank’s Customer Portfolio in Pakistan
Habibsons operations in United Kingdom
Himalayan Bank Ltd, Nepal (20%)
Diamond Trust Bank Ltd, Kenya (11.21%)
Kyrgyz Investment and Credit Bank (18%)

Mission Statement:

To make customers prosper, our staff to excel and create value for stakeholders.

Contact Details:

Habib Bank Ltd
30 Louis Pasteur Street
Port Louis, Mauritius
Tel: (230) 217 7600
Fax: (230) 216 3829
Email: hbl@hbl.intnet.mu
Website: www.hbl.com/mauritius

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HSBC Bank (Mauritius) Limited

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,100 offices in 73 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$3,038bn at 31 December 2015, HSBC is one of the world’s largest banking and financial services organisations. Through its 11 full‐service domestic branches, HSBC offers a wide range of products and services including accounts services, credit cards, home loans, personal loans and custodian services to domestic customers.

In Mauritius, HSBC operates two entities: a branch of The Hongkong and Shanghai Banking Corporation Limited, which has been present in Mauritius since 1916 and a locally incorporated subsidiary, HSBC Bank (Mauritius) Limited (HBMU), which was one of the first bank to set up an International Banking Unit in Mauritius in 1991.

HSBC is also a leading bank in the International Business sector and offers its global customers sophisticated products that facilitate cross border trade and investment.

Dedicated corporate account relationship managers tailor services to customer requirements in the following areas:

  • Corporate facilities & funding – short and long term funding in major convertible currencies.
  • Trade financing – access to global network of countries and leader in Chinese RMB Trade settlement.
  • Payment & cash management – global internet banking channel.
  • Securities and custodian services – leading provider of local and global expertise of stock markets.
  • Treasury products & derivatives – management of exposure to market fluctuations and exchange risk.

HSBC Securities Services provides a world‐class global custody service to institutional investors and investment managers. HSBC is also the number one bank in Payments and Cash Management (Named best service provider for four consecutive years, 2011, 2012, 2013 and 2014 in the Euromoney Survey) and tops the Global Investor/ISF Survey 2013/2014 and 2014/2015 as Best Sub‐Custodian Clearing Bank.

HSBC financial products and solutions offered to meet the requirements of global clients include: Multi‐ currency accounts and deposits, Foreign exchange and treasury services, Funds transfers and remittances on HSBC nete‐banking, Trade finance, Multi‐Currency corporate lending and Global Custody Services.

Contact details:

HSBC Bank (Mauritius) Limited
6th Floor, HSBC Centre,
18, CyberCity
Ebene, Mauritius
Phone: (230) 403 8333
Fax: (230) 403 0999
Email: global.business@hsbc.co.mu
Website: www.hsbc.co.mu

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Investec Bank (Mauritius) Limited

Investec is an international specialist banking group that provides a diverse range of financial products and services to a select client base. Founded as a leasing company in Johannesburg in 1974, Investec acquired a banking licence in 1980 and was listed on the Johannesburg Stock Exchanges (JSE) in South Africa in 1986.

Since inception, Investec has expanded through a combination of substantial organic growth and a series of strategic acquisitions. Today, Investec has an efficient integrated international business platform, offering all core activities in the UK and South Africa and select activities in certain other countries.

Investec Bank (Mauritius) Limited was established as a wholly owned subsidiary of Investec Bank Limited (in South Africa) in 1997. Today it is recognised as one of the leading banks in Mauritius operating within the regulatory standards of both Mauritius and South Africa. The Bank offers a wide range of products and services targeting high net worth individuals, corporate, trusts, institutions and government.

Investec fosters an entrepreneurial culture, which is balanced by a strong risk management discipline, client‐ centric approach and ability to be nimble, flexible and innovative. Investec aims to build well defined, value added businesses focused on serving the needs of select market niches where it can compete effectively.

Mission statement:

We strive to be a distinctive specialist bank, driven by commitment to our core philosophies and values.

Contact details:

Investec Bank (Mauritius) Limited
6th Floor, Dias Pier Building
Le Caudan Waterfront
Caudan, Port Louis
Mauritius
Tel: +230 207 4000
Fax: + 230 207 4002/ 3
E‐mail: infomru@investec.co.mu
Website: www.investec.com

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MauBank Ltd

MauBank Ltd came into existence on 4 January 2016, following the merger between the Mauritius Post and Cooperative Bank Ltd (MPCB) and the National Commercial Bank Ltd (NCB), two banks with complementary business models, with the Government of Mauritius being the main shareholder.

The fusion gave rise to an entity having estimated total deposits of MUR 30 billion and total assets of MUR 32 billion, with a wide network of branches and ATMs, over and above basic banking services being provided at various post offices across the island as well as in Agalega and Rodrigues.

MauBank Ltd is engaged in four major business segments namely SME Banking, Retail Banking, Corporate Banking and International Banking. The bank provides an array of modern and innovative banking products and services to its customers, which are tailored to suit customer needs. It also offers a wide range of banking solutions encompassing commercial transactions, such as letters of credit for import and export businesses, the collection and the opening of accounts, trade finance, and other complex international operations, and also acts as agent for MoneyGram by providing money transfer services. MauBank’s Internet and Electronic Banking services, comprising debit, credit and prepaid cards, offer a hassle‐free, efficient and safe service to its customers, with state‐of‐the‐art technology and IT infrastructure.

MauBank Ltd aims to promote entrepreneurship in the economy, acting as the Government’s partner to implement the SME Scheme by encouraging and facilitating the setting up of small and medium enterprises. To that end, the bank will operate ten dedicated branches spread across the country, including Rodrigues, to specifically cater for the SMEs. This is in line with the Government’s vision of turning Mauritius into a nation of Entrepreneurs.

Contact Details:

MauBank Ltd
25 Bank Street
Cyber City
Ebene, Mauritius
Tel: (230) 405 9400
Fax: (230) 404 0333
Email: info@maubank.mu
Website: www.maubank.mu

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PT Bank MayBank Indonesia

PT Bank MayBank Indonesia formerly known as P.T Bank Internasional Indonesia Tbk. (BII) was established in Indonesia on 15 May 1959. After obtaining a license as a foreign exchange bank in 1988, the bank had its shares listed on the Jakarta Stock Exchange and Surabaya Stock Exchange (now merged as Indonesia Stock Exchange) in 1989. As a publicly listed company, PT Bank MayBank Indonesia has grown to become one of the leading private banks in Indonesia.

In 2008, Malayan Banking Berhad (Maybank) the largest bank in Malaysia and one of the leading financial groups in ASEAN, acquired the bank through its entirely owned subsidiary, Maybank Offshore Corporate Services (Labuan) Sdn. Bhd (MOCS). Since then, Maybank has become the majority shareholder of PT Bank MayBank Indonesia through two of its subsidiaries: Sorak Financial Holdings Pte. Ltd (Sorak) and MOCS.

The Shareholding pattern as at 31 December 2015 is as follows:

Sorak Financial Holdings Pte. Ltd                                                    45.02%
Maybank Offshore Corporate Services (Labuan) Sdn. Bhd         33.96%
UBS AG London                                                                                    18.31%
Public                                                                                                       2.71%

PT Bank MayBank Indonesia as one of the largest banks in Indonesia has an international network and branches spread across all provinces in Indonesia and two overseas branches in Mauritius and Mumbai.

PT Bank MayBank Indonesia obtained its banking licence and commenced its operations in Mauritius in 1998. The bank focuses on providing advisory services to clients targeting the Asian market (Singapore, India & Malaysia).

Vision:

To be the Leading Relationship Bank by serving through customized products, solutions and delivering high quality service.

Mission:

Humanizing Financial Services.

Contact Details:

PT Bank MayBank Indonesia
5th Floor, Barkly Wharf
Le Caudan Waterfront
Port‐Louis, Mauritius
Tel: (230) 210 6365
Fax: (230) 210 5458
Email: biimrt@intnet.mu
Website: bii.intnet.mu

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SBI (Mauritius) Ltd

SBI (Mauritius) Ltd (SBIML) was formed as a result of the amalgamation, in October 2008, of the Indian Ocean International Bank Ltd, a domestic bank, with the SBI International (Mauritius) Ltd, a global business bank, which had been operating in Mauritius since 1989. SBIML is a locally incorporated bank and a subsidiary of the State Bank of India (SBI), the largest Commercial Bank in India. SBI is the largest shareholder of SBIML holding 96.60 % shares.

SBIML offers a range of advances and deposit products for both corporate and retail customers, apart from remittance facilities to anywhere in the world and in all the major foreign currencies. It also provides a comprehensive range of global business banking services to corporate financial institutions and intermediaries. SBIML makes a profound contribution in driving all sectors of the Mauritian Economy – primary, secondary and tertiary, in equal measure. SBIML is constantly re‐engineering itself and its role to keep step with the changing dynamics of the needs of its customers and its operating environment.

SBIML`s core values are Integrity, Customer Care and sound Corporate Governance apart from following Best International Practices. It is committed to be a responsible corporate citizen and a significant player in the Mauritian Banking Sector.

SBIML operates 15 branches in Mauritius including Rodrigues and 19 ATMs, including 5 off‐site ATMs at different locations. It presently employs 233 people locally.

Vision:

To be the first choice solution provider for all banking Services.
To be a symbol of trust, efficiency and courteous service.
To protect and promote interests of all Stakeholders through well trained and, upright and dedicated professionals.
To strive for constant improvement in products, processes and delivery channels.

Mission:

To create a strong and vibrant Banking Institution with global reach, having world class technology, products and based on the Core Values of Integrity, Customer Care and sound Corporate Governance.

Goal:

To achieve Customer’s Delight.

Contact details:

SBI (Mauritius) Ltd
6th & 7th Floor, SBI Tower Mindspace
45, Ebene CyberCity ‐ 72201
Mauritius
Tel: (230) 404 4900
Fax: (230) 454 6890
Email: info@sbimauritius.com
Website: www.sbimauritius.com

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SBM Bank (Mauritius) Ltd

Established in 1973, SBM Bank (Mauritius) Ltd, a flagship member of SBM Group, is a leading commercial bank in Mauritius. SBM Group is also present in India, Madagascar and Myanmar and is engaged in banking, non‐ banking financial services and non‐financial investments.

SBM Holdings Ltd (SBMH), the holding company, is the 2nd largest listing on the official market of the Stock Exchange of Mauritius, with a market capitalisation of MUR 21.6 billion as at 31 December 2015.

SBM Bank (Mauritius) Ltd has a strong franchise with a market share of over 20% in domestic advances and deposits. It caters for a wide range of customer segments including Personal, SME, Corporate, Cross Border and Financial Institutions.

The bank offers a suite of products and services that encompasses deposits, lending, institutional banking and international banking & global business, trade finance, cards, leasing, treasury, insurance, custody and investment products, as well as a range of payments services. It services over 450,000 customers through multi‐channel capabilities including branches, ATMs, POS, internet, mobile and call centres.

Vision:

To be the leading provider of premier integrated financial services in the region through a dedicated and competent professional team.

Mission:

Value creation for all stakeholders by achieving consistent improvement in returns and continued enhancement in service levels.

Goal:

To continuously improve and innovate the Group’s lines of business and achieve strong and sustained returns for the shareholders. To achieve its goals by continuously enhancing customer service, competencies, delivery channels and operating efficiency as well as maintaining a balanced, acceptable and quality risk profile while effectively managing its balance sheet.

Contact details:

SBM Bank (Mauritius) Ltd
Chief Executive’s Office
Level 11, SBM Tower
1 Queen Elizabeth II Avenue,
Port Louis, Mauritius
Tel: (230) 202 1111
Fax: (230) 202 1234
Swift: STCBMUMU
Email: sbm@sbmgroup.mu
Website: www.sbmgroup.mu

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Standard Bank (Mauritius) Limited

Standard Bank Mauritius started operations in Mauritius in 2001 and is a wholly owned subsidiary of the Standard Bank Group, Africa’s largest bank in terms of assets.

Building on over 150 years’ experience, Standard Bank Group has direct, on‐the‐ground representation in 20 African countries. Standard Bank Group has 560 branches and 1223 ATMs in Africa, making it one of the largest banking networks on the continent.

Standard Bank Mauritius delivers a complete range of financial services across Corporate and Investment Banking and Wealth and Investment to multinational companies, large domestic conglomerates, management companies and high net worth individuals.

Standard Bank Corporate & Investment Banking aims to be the leading corporate and investment banking business in, for and across Africa, with a deep specialisation in natural resources. The Corporate and Investment Banking unit provides tailor‐made solutions in banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

Standard Bank Wealth and Investment Unit offers an integrated suite of end‐to‐end wealth management services and banking solutions.

Vision & Mission:

Standard Bank Mauritius aims to build the leading African financial services organisation using all their competitive advantages to the full. The bank will focus on delivering superior sustainable shareholder value by serving the needs of the customers through first‐class, on‐the‐ground operations in chosen countries in Africa. The bank will also connect other selected emerging markets to Africa and to each other, applying their sector expertise, particularly in natural resources, globally. Their key differentiator is their people who are passionate about their strategy, wherever in the world they are based.

Contact details:

Standard Bank (Mauritius) Limited
Level 9, Tower A
1 CyberCity
Ebene
Mauritius
Tel: +230 402 5000
Fax: + 230 402 5050
Email: chiefexecutive.mauritius@standardbank.mu
Website: www.standardbank.mu

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Standard Chartered Bank (Mauritius) Limited

Standard Chartered Bank (Mauritius) Limited was established in Mauritius in May 2002, and is a wholly owned subsidiary of Standard Chartered Bank in the UK.

Standard Chartered is a leading international bank, with more than 90,000 employees and a 150‐year heritage in the world’s most dynamic markets. Standard Chartered banks the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where it earns around 90% of its income and profits.

Standard Chartered’s heritage and values are expressed in their brand promise, Here for good. The bank is committed to build a sustainable business over the long term and is known worldwide for its high standards of corporate governance, social responsibility, environmental protection and employee diversity.

Standard Chartered Mauritius holds a full‐fledged banking licence, serving corporate and institutional clients. The bank offers a range of onshore and offshore services including: Multi‐currency accounts, Cash management services, International payments and transfers, Trade services, Securities services, Client access, Treasury products and Credit facilities.

Mission:

The world’s best international bank, leading the way in Asia, Africa and the Middle East.

Contact Details:

Standard Chartered Bank (Mauritius) Limited
6th Floor, Raffles Tower
Lot 19, CyberCity
Ebene, Mauritius
Tel: (230) 403 6500
Fax: (230) 466 5161
Email: info.scbm@sc.com
Website: www.standardchartered.com/mu

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The Hongkong and Shanghai Banking Corporation Limited

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,100 offices in 73 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of MUR25,837bn at 31 December 2015, HSBC is one of the world’s largest banking and financial services organisations. Through its 11 full‐service domestic branches, HSBC offers a wide range of products and services including accounts services, credit cards, home loans, personal loans and custodian services to domestic customers.

In Mauritius, HSBC operates two entities: a branch of The Hongkong and Shanghai Banking Corporation Limited, which has been present in Mauritius since 1916 and a locally incorporated subsidiary, HSBC Bank (Mauritius) Limited (HBMU), which was one of the first bank to set up an International Banking Unit in Mauritius in 1991.

HSBC is also a leading bank in the International Business sector and offers its global customers sophisticated products that facilitate cross border trade and investment.

Dedicated corporate account relationship managers tailor services to customer requirements in the following areas:

  • Corporate facilities & funding – short and long term funding in major convertible currencies.
  • Trade financing – access to global network of countries and leader in Chinese RMB Trade settlement.
  • Payment & cash management – global internet banking channel.
  • Securities and custodian services – leading provider of local and global expertise of stock markets.
  • Treasury products & derivatives – management of exposure to market fluctuations and exchange risk.

HSBC Securities Services provides a world‐class global custody service to institutional investors and investment managers. HSBC is also the number one bank in Payments and Cash Management (Named best service provider for four consecutive years, 2011, 2012, 2013 and 2014 in the Euromoney Survey) and tops the Global Investor/ISF Survey 2013/2014 and 2014/2015 as Best Sub‐Custodian Clearing Bank.

HSBC financial products and solutions offered to meet the requirements of global clients include: Multi‐ currency accounts and deposits, Foreign exchange and treasury services, Funds transfers and remittances on HSBC nete‐banking, Trade finance, Multi‐Currency corporate lending and Global Custody Services.

Contact details:

The Hongkong and Shanghai Banking Corporation Limited
Head Office
HSBC Centre
18, CyberCity
Ebene, Mauritius
Tel: (230) 403 8333
Fax: (230) 403 8300
Email: hsbcmauritius@hsbc.co.mu
Website: www.hsbc.co.mu

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The Mauritius Commercial Bank Ltd

Established in 1838, The Mauritius Commercial Bank Ltd (MCB) is the oldest Mauritian bank and is listed on the Stock Exchange of Mauritius since 1989. In line with its vision of “being the obvious choice for financial services in the region and beyond”, the MCB has over time extended its business to various countries. The MCB is now established in Maldives, Seychelles, Madagascar and Mozambique through dedicated subsidiaries. Besides, the bank is present in France, Reunion Island and Mayotte through its associate company, Banque Française Commerciale Océan Indien which is a joint venture with Société Générale, as well as in France and Johannesburg through representative offices. The Group has also diversified and entrenched its participation into non‐bank financial services like factoring and leasing, as well as a comprehensive range of investor services.

MCB has market shares of around 40% in respect of domestic credit to the economy and local currency deposits and nearly 50% of cards issued. The Bank has over 930,000 individual and institutional customers and a workforce of some 2,500 employees. The Bank’s Mauritian business is anchored on an extensive network of 40 branches, 166 strategically‐located ATMs, above 7,000 point‐of‐sale terminals, over 105,000 registered Internet Banking customers, network of over 1,600 correspondents banks across the world and around 60 clients being serviced by the Bank in the context of the ‘Bank of Banks’ initiative.

Our Vision:

Everyday, we will help make something happen.

Our Mission:

We will keep finding ways to meet the needs of our customers. We will listen to them and help them achieve their goals.
We will help people with ideas to be entrepreneurs.
We will be worthy of our shareholders’ confidence.

We will do what we can to make the world a better, greener place.
And we will never go away.

Contact Details:

The Mauritius Commercial Bank Ltd
Head Office
9‐15, Sir William Newton Street
Port Louis, Mauritius
Tel: (230) 202 5000
Fax: (230) 208 7054
Email: contact@mcb.mu
Website: www.mcb.mu

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Warwyck Private Bank Limited

Warwyck Private Bank Ltd is one of the first Banks in Mauritius to be granted a licence as an exclusively private banking and wealth management financial institution; we aim to pursue Private Banking of the highest quality standards based on the Swiss model.
Building a trusting, long-term, smart and exclusive relationship with each of our clients is at the core of what we do at Warwyck.
Our focus is on operating an exemplary business by building a team of experienced financial experts using world-class technology and systems to respond to our clients’ needs for expert advice and efficient execution.
Warwyck Private Bank Ltd has confidentiality and client protection at the core of its client offering; this is greatly supported through local legislation and business practices.

We strive to include speed and simplicity into every aspect of our private banking and wealth management experience.

Our story began when ten accomplished business people decided to invest in an enterprise that would protect and increase their wealth. Their ambition guided them to Mauritius where the authorities granted their newly established enterprise a licence as an exclusively private banking and wealth management institution. Today, Warwyck Private Bank Ltd adheres to the stringent Swiss private banking quality standards while taking optimum advantage of the well regulated and investor friendly jurisdiction of Mauritius.

Exactly as the founders intended we provide expert services to influential customers from all over the world. Our experienced financial management experts liberate the full potential of each and every customer’s capital using world-class technology and systems.

We are ready to extend our high-quality financial service to you. We keep our procedures simple to reduce costs, react instantly to unexpected market developments and apply our in-depth insights and experience to your advantage. While we help you to protect what you’ve built we also support and leverage your efforts to create more value.

OUR CORE VALUES

Confidentiality, protection, reliability and security are the core concepts on which our bank was built. The determination to safeguard and increase today’s prosperity for yourself, your present and future loved ones is what drives us.

Contact Details:

Warwyck Private Bank Ltd
Warwyck House , Nalletamby Rd
Phoenix, 73538 Mauritius
Mauritius
Tel: (230) 698 2700
Fax: (230) 698 2777
Email: contact@warwyckprivatebank.com
Website: www.warwyckprivatebank.com

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Source : The Mauritius Bankers Association Limited (MBA)
Bank of Mauritius
Board of Investment