Banks in Mauritius
The
banking sector in Mauritius currently includes 22 banks licensed by the central
bank, the Bank of Mauritius. Of these, 5 are local banks, 10 are foreign-owned
subsidiaries, 1 is a joint venture, 4 are branches of foreign banks and 2 are
private banks.
Banks in Mauritius provide a wide variety of services,
including: traditional banking; card-based payment services including credit and
debit card internet banking; and mobile banking facilities. Several banks also
provide specialised services such as: fund administration, trusteeship,
custodial services, structured trade finance, structured lending, international
portfolio management, investment banking, private client activities, and
specialised finance. International banks offer a range of global banking and
financial services to institutional, corporate and private clients.
Incorporated in Mauritius, AfrAsia Bank Limited serves the Africa-Asia trade and investment corridor. The institution has a meaningful presence in:
Corporate and Investment Banking
Global Business Banking
Private
Banking and Personal Banking
Treasury and Markets
Headquartered
at the prestigious Weal House, strategically located in the heart of
the nation's capital at Place d'Armes, Port Louis, ABC Banking
Corporation today stands stable, pro-active and optimistic, as one
of the star performers of the ABC Group, a well diversified
Mauritian conglomerate featured among the Top 100 business
organisations of the Indian Ocean.
The bank, known for its attractive broad palette of traditional and innovative products and services, and its excellent rapport with customers, has, within its six years of operations, become a hallmark of quality and effectiveness in the highly competitive financial sector of Mauritius.
Managed and operated by a highly motivated, committed and effective team of experienced professionals and competent staff, the bank is organized on four main pillars being: Domestic Banking, International Banking, Private Banking and Treasury.
With branches located all over the island and a Change Counter at the
airport, Banque des Mascareignes provides a whole array of tailor-made
banking products and services to individuals, corporate customers and
small or medium enterprises as well as to Financial Institutions and
Non-Banking Financial Institutions.
Banque des Mascareignes is
ultimately a wholly-owned subsidiary of Groupe BPCE, the 2nd largest
banking group in France with over 36 million customers. The bank also
operates a subsidiary in Madagascar with three branches.
The
bank's products and services are designed to meet its customers' needs
and dedicated business units have been set up for each customer segment,
namely Retail and SME Banking, International and Global Business
Banking, Corporate Banking and Treasury services focusing on dedicated
and personalized relationship management.
Banyan Tree Bank Limited is promoted by finance professionals with over three decades of banking experience and have partnered with well-known Mauritian and global financial investors to establish a full-service bank in Mauritius since 2013. The Bank opened a Representative Office in the Dubai International Financial Centre, regulated by the Dubai Financial Services Authority in 2015.
The Bank aims at offering products and solutions that are cost effective coupled with quick turnaround times and exemplary customer service in the areas of lending investment management, trade finance and payments.
MauBank launched its business operations on 04 January 2016 and has since then, established itself as one of the leading banks in the country. It provides banking services in four major business segments, namely, SME Banking, Consumer Banking, Corporate Banking and International Banking. The bank provides a variety of modern and innovative banking products and services, tailored to suit customer needs.
Banking services are provided in 24 branches and 36 ATMs across Mauritius and Rodrigues, as well as across 82 post offices within the network of the Mauritius Post Ltd extending over Mauritius, Rodrigues and Agalega. The most appropriate banking solutions are offered to customers including loans, Savings/Deposit schemes, Credit cards, and insurance services.