# SBM Bank Mauritius

> Source: https://docs.barcoder.ai/docs/wallets/sbm-mauritius
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [SBM — official](https://www.sbmgroup.mu/)

## Key details

- **Parent:** assets

## Overview

**SBM Bank Mauritius** is **Mauritian commercial bank** + **SEM: SBMH** + **Mauritius's #2 commercial bank by assets** + **SBM Kenya + SBM India + SBM Madagascar + SBM Seychelles operations** <sup>[1][1], [Mauritius report](https://docs.barcoder.ai/docs/payments/MU)</sup>.

## History

**1973 — State Bank of Mauritius SBM founded as Mauritian state-owned commercial bank**.

**2014 — SBM Holdings Ltd SEM IPO under ticker SBMH** distinctive Mauritian banking restructuring.

**2014 — SBM India subsidiary launch + 2017 SBM Bank Kenya acquisition + 2017-2024 SBM Madagascar + SBM Seychelles expansion** distinctive Mauritian-Indian Ocean-African banking expansion.

**2014 — SBM Mobile Banking app launch**.

## Ownership & operator

**Operating entity**: **SBM Holdings Limited** (SEM: SBMH; Mauritian commercial bank).

**Major shareholders**: **Mauritian government (Ministry of Finance and Economic Development) + National Pensions Fund Mauritius + Promotion and Development Limited + Mauritian retail + institutional + foreign investors**.

**Regulators**: **BoM (Bank of Mauritius)**.

## Technical integration

SBM Mobile Banking app (iOS + Android) + sbmgroup.mu online + SBM branch network across Mauritius + Kenya + India + Madagascar + Seychelles + SBM Visa + Mastercard cards; MauRIS (Mauritian payment standard).

## Implementations & partners

**Major Mauritian + Indian Ocean + African banking competitors**: [Mauritius Commercial Bank (MCB)](https://docs.barcoder.ai/docs/wallets/mcb-mauritius) (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) + Absa Mauritius (Absa Mauritius; Absa Group South African parent subsidiary) + [AfrAsia Bank (Mauritius)](https://docs.barcoder.ai/docs/wallets/afrasia-bank) (AfrAsia Bank Mauritian commercial bank focused on private + wealth banking) + Standard Chartered Mauritius (Standard Chartered Mauritius) + HSBC Mauritius (HSBC Mauritius).

**Regulator**: BoM.

## Status

**Active, Mauritian commercial bank + SEM:SBMH + Mauritius's #2 commercial bank by assets + SBM Kenya + SBM India + SBM Madagascar + SBM Seychelles operations** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.sbmgroup.mu/ "SBM — official"
[2]: https://en.wikipedia.org/wiki/State_Bank_of_Mauritius "State Bank of Mauritius — Wikipedia"
[mu-cro]: https://docs.barcoder.ai/docs/payments/MU

- [1] [SBM — official][1]
- [2] [State Bank of Mauritius — Wikipedia][2]
- <sup>[Mauritius report](https://docs.barcoder.ai/docs/payments/MU)</sup> In-corpus: `reports/countries/MU-mauritius.md`

## Source

Biography extracted from [sbm-mauritius.md](https://docs.barcoder.ai/source/wallets/sbm-mauritius). See `matrix.md` for standards-support matrix if present.