A well-established group with a strong track record
- Incorporated in 1838
- Initiation of regional expansion in the early 1990s
- Listed on the Stock Exchange of Mauritius (a member of the World Federation of Exchanges) since 1989
Unrivalled domestic franchise
- Market shares of some 40% in respect of credit to the economy and local currency deposits and of over 50% of cards issued in Mauritius
- Highest market capitalisation of around USD 1.4 billion on the local stock exchange, representing a share of some 24%
- Approximately 900,000 individual and institutional customers, over 18,000 local and foreign shareholders, around 75,000 Internet Banking customers, and some 2,800 employees
- Extensive network of 40 branches/banks kiosks, entirely redesigned according to world class infrastructure concepts
- 163 ATMs (representing 37% of the local ATM park) and above 5,550 point of sale terminals; facilities for mobile and SMS banking
- Some 1,600 correspondent banks worldwide
- Increased participation in non-bank financial services such as leasing, factoring as well as a comprehensive range of investor services
Increasingly prominent player regionally and beyond
- Presence in 8 countries via subsidiaries, associate and representative offices
- Bolstered regional market presence on account of dedicated service offerings, participation in trade and project finance deals, and reinforced business relationships
- Expanded scope to better tap into global business opportunities
MOODY'S RATINGS
- Foreign Currency Deposit Baa1/P-2
- Foreign Currency Issuer Baa1
- Global Local Currency Deposit Baa1/P-2
- Bank Financial Strength D+
- NSR Senior Debt - MTN Program (foreign currency) Aa3.za
- NSR Subordinated Debt - MTN Program (foreign currency) A3.za