AfrAsia Bank (Mauritius)

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Overview

AfrAsia Bank (Mauritius) is Mauritian commercial bank focused on private + wealth banking + corporate banking + one of Mauritius's leading private banks + AfrAsia Bank Wealth Report publisher ^{1, Mauritius report}.

History

Sep 2007 — AfrAsia Bank Limited founded in Mauritius distinctive Mauritian private banking heritage (joint venture of National Bank of Canada + Mauritian institutional shareholders pre-2017).

2017 — Yatra Capital + Intrasia Capital + National Bank of Canada divestment + Mauritian institutional shareholder consolidation.

2014 — AfrAsia Bank Mobile Banking app launch.

Ownership & operator

Operating entity: AfrAsia Bank Limited (Mauritian commercial bank focused on private + wealth banking + corporate banking).

Major shareholders: National Bank of Canada (TSE: NA; legacy founding partner) + Intrasia Capital + Yatra Capital + Mauritian retail + institutional + foreign investors.

Regulators: BoM (Bank of Mauritius).

Technical integration

AfrAsia Bank Mobile Banking app (iOS + Android) + afrasiabank.com online + AfrAsia Bank branch network across Mauritius + South Africa + AfrAsia Bank Visa + Mastercard cards; MauRIS.

Implementations & partners

Major Mauritian + African banking competitors: Mauritius Commercial Bank (MCB) (Mauritius Commercial Bank MCB; SEM: MCBG; Africa's oldest commercial bank since Sep 1 1838 + ~1M MCB Juice mobile banking users + ~40% MU banking market share + one of largest African banking groups + 9-country footprint) + SBM Bank Mauritius (SBM Bank Mauritius; SEM: SBMH; Mauritian commercial bank + Mauritius's #2 commercial bank by assets + 5-country footprint) + Absa Mauritius (Absa Mauritius; Absa Group South African parent subsidiary) + Standard Chartered Mauritius (Standard Chartered Mauritius) + HSBC Mauritius (HSBC Mauritius).

Regulator: BoM.

Status

Active, Mauritian commercial bank focused on private + wealth banking + corporate banking + one of Mauritius's leading private banks + AfrAsia Bank Wealth Report publisher ^{1, 2}.

Sources

1 AfrAsia Bank — official
2 AfrAsia Bank — Wikipedia
^{Mauritius report} In-corpus: reports/countries/MU-mauritius.md

Source

Biography extracted from afrasia-bank.md. See matrix.md for standards-support matrix if present.