Banks Mauritius
DBM in Africa: Operators Sceptics
Development Bank of Mauritius (DBM) will expand its activities in Africa and in the region. The decision to explore the African market is credible? Opinions differ.
22 Apr 2014, business.mega.mu
Xavier Duval : “Aucun Employé ne Sera Mis à la Porte Avec la Nouvelle SME Bank”
Comme annoncé dans le budget de 2011, la Development Bank of Mauritius (DBM) sera restructurée et deviendra la SME (Small and Medium Enterprise) Bank bientôt.
16 Apr 2014, business.mega.mu
Restructuring: DBM Is Moving to Africa
Mauritius will soon sign an agreement with the Small Industries Development of India and Bank of Maharashtra . These have, however, already made an offer to redeem the majority of shares in the bank , said the Minister of Finance to Parliament last Tuesday, April 8.
14 Apr 2014, business.mega.mu
DBM: Two Indian Strategic Partners at Work
The Small Industries Development Bank of India (SIDBI) and the Bank of Maharashtra . Both eyeing side of the Development Bank of Mauritius (DBM).
12 Apr 2014, business.mega.mu
e-Banking: 25% of Clients Use This Service
Attractive prices, simplicity, speed, in addition to being accessible via computers, smartphones or tablets, online banking attract lots of customers in recent years.
08 Apr 2014, business.mega.mu
Loans for Studies: Banks Unveil Their Offers
Mauritius banks designed financing plans for students wishing to study abroad.
14 Feb 2014, business.mega.mu
Variant de Rs 100 à Rs 1 500 – Frais Bancaires : Stop aux abus !
Hormis les intérêts qu’ils doivent payer sur les prêts, les clients des banques sont tenus de payer d’autres frais bancaires chaque mois. Des frais qui ne cessent d’augmenter d’année en année. Face à cette situation, plusieurs observateurs réclament l’intervention de la Banque de Maurice pour cesser ces abus.
12 Feb 2014, business.mega.mu
Two New Executives at Bramer Bank
Bramer Bank has two new executives. It is Nirish Beeharry who was appointed Thursday, January 23 for the post of Head of Consumer Banking and Patrick Ah-Vee (ex-HSBC) who will assume the position of Head of Treasury.
25 Jan 2014, business.mega.mu
En Cette Période Festive : 607 979 Retraits Rien que sur les Guichets ATM de la MCB
Festivités obligent, les guichets automatiques sont pris d’assaut ces jours-ci. Rien qu’à la MCB, l’on enregistre pas moins de 135 000 transactions sur les guichets chaque jour.
30 Dec 2013, business.mega.mu
Banking: The MCB pays Rs 72.5 Million to its Board of Directors
It is good to work in the first bank, the Mauritius Commercial Bank (MCB). Despite the crisis, the Board of Directors of the bank has once again been rewarded handsomely for their services in 2013.
13 Dec 2013, business.mega.mu
EU Fines Financial Institutions Over Fixing Key Benchmarks
Six financial institutions were fined €1.71 billion ($2.32 billion) by European Union regulators Wednesday for colluding in an attempt to manipulate key benchmark interest rates, the EU's largest-ever penalty in a cartel case.
05 Dec 2013, business.mega.mu
Pakistan's Meezan Bank to Assist First Islamic Bank Mauritius Commercial
Meezan Bank, Pakistan’s first and largest Islamic Bank, has entered into an agreement with Ethical Finance Limited (EFL), a limited liability company set up by a team of professionals with the objective of setting up Republic of Mauritius’ first retail Islamic bank.
29 Nov 2013, business.mega.mu
Financial Sector: Banks Pay the Highest Price, Offshore is Africanized
Banks are the biggest losers of the financial year with the decision of the government to enhance the Special Levy to 10% of their taxable income. In Global Business, an aggressive campaign on Africa is engaged.
22 Nov 2013, business.mega.mu
Barclays in Mauritius, It's About Legal Safety Just as Much as Tax Avoidance
The usual suspects have got on their high horse again insisting that all sorts of people are very naughty indeed for using offshore centres as the base for their investments in places like Sub-Saharan Africa and India.
21 Nov 2013, business.mega.mu
BOM Report 2012-2013: Total Profit of Rs 13.8 Billion for Commercial Banks
Commercial banks operating in Mauritius recorded for the fiscal year ending June 30, 2013 the total profit of Rs 13.8 billion against Rs 2.6 billion in 2011/2012 and Rs 11.9 billion in 2010/2011.
20 Nov 2013, business.mega.mu
MCB : Time of Restructuring
With the final steps leading to the restructuring of the group endorsed by the board and the green light from authorities "in the pipeline", the Mauritius Commercial Bank claims to be resolutely turned towards the future.
19 Nov 2013, business.mega.mu
Orange Money: Launch of Two New Mobile Payment Services
Allow persons who shop to pay by SMS. And traders who market the E-voucher service supply their own account up to Rs 10,000 from their mobile phones only ... These are the two new mobile payment services offered by Mauritius Telecom through Orange Money. They were launched on Thursday, November 7.
11 Nov 2013, business.mega.mu
AfrAsia Named "Best Private Bank in Mauritius" by "The Banker"
AfrAsia was awarded the trophy for "Best Private Bank in Mauritius" by Professional Wealth Management and The Banker magazine, a popular publication of the Financial Times group. It was at the ceremony of Global Private Banking Awards held last October 30 at the Hotel Kempinski Geneva.
08 Nov 2013, business.mega.mu
BoM Concerned about the Risks of Bank Lending
The Bank of Mauritius is concerned "by the increasing level of risk associated with loans in certain sectors of the economy. The risk of a bubble in asset prices looming in the housing market could become a source of vulnerability for the financial system. "
07 Oct 2013, business.mega.mu
BoM Makes War on Liquidity Excess
BoM Wednesday took two decisions aimed partly to raise the Cash Reserve Ratio (CRR) deposits denominated in rupees. And secondly, to reduce the CRR on deposits in dollars, euros and pounds sterling.
03 Oct 2013, business.mega.mu