Banks Mauritius

Ponzi Schemes: "Heavy Penalties "Five Banks"

They had been criticized from all sides when the Ponzi financial scandals have come to light. The ax will soon fall. Five banks will bail "heavy fines" after submitting their explanations to the Bank of Mauritius (BoM).

09 Jun 2013, business.mega.mu

Signature d’Accord : Partenariat Banque des Mascareignes/Banque de la Réunion

Un accord de partenariat pour le développement économique régional a été signé la semaine dernière à Saint-Denis, île de la Réunion, par la Banque des Mascareignes et la Banque de la Réunion.

02 Jun 2013, business.mega.mu

Le Mécanisme de la Fraude Massive de Cartes Bancaires

Les fraudeurs, c’est le cas de le dire, rivalisent de nos jours d’ingéniosité pour s’en mettre plein les poches.

27 May 2013, business.mega.mu

Investments of Rs 3.5 Md in New Barclays Bank of Mauritius

This is final. Barclays Bank will operate as a fully Mauritian bank from 1 st June It will now be known as Barclays Bank of Mauritius takes over the defunct Barclays Bank PLC , a branch of Barclays Bank in London. It is injected Rs 3.5 billion. Thursday afternoon, May 23, the Central Bank has granted the new operation to the bank license, revoking the old license.

25 May 2013, business.mega.mu

Rundheersing Bheenick about Ponzi Schemes "No Jurisdiction is Immune"

The Bank of Mauritius (BoM) Thursday granted a new operating permit at Barclays. During the official ceremony, the Governor returned to scams according to Ponzi scheme.

24 May 2013, business.mega.mu

Banking: Self-Service Grows

ATMs, credit cards, Internet Banking, Mobile Banking ... Mauritians prefer increasingly close these channels for their banking transactions. It is in this context that the MCB launched Wednesday "Instakit" a product that meets the daily banking needs.

23 May 2013, business.mega.mu

Three Romanians Arrested for Hacking Credit Cards

Three Romanians were arrested by the detectives of the Central CID Tuesday in Grand Bay in the dismantling of a network manufacturing fake credit cards to the detriment of many customers from two commercial banks.

23 May 2013, business.mega.mu

Rundheersingh Bheenick Renewed at the Head of the Bank of Mauritius for Three Years

Rundheersing Bheenick begin from Tuesday's third term as Governor of the Bank of Mauritius. His contract was renewed for the next three years, until May 2016. A decision that is welcomed by both economists and the private sector.

21 May 2013, business.mega.mu

Investments In Zimbabwe: Arnaud Lagesse (AfrAsia Bank), "We Are Calm for the Future"

Chairman of the Board of Directors of Bank AfrAsia Arnaud Lagesse says be calm compared to the future after the problem occurred in Kingdom Bank Limited, a subsidiary of AfrAsia Kingdom (Zimbabwe), in which it holds 36% of shares worth $ 9.5 million.

17 May 2013, business.mega.mu

Afrasia Bank Zimbabwe Threatened with Bankruptcy: Low Risk of Influence on Mauritius

The bankruptcy of Lehman Brothers in African way? This is not the title of a movie but the risk that hangs over an African bank 35% owned by a Mauritian bank. However, observers are reassuring about a possible contagion in Mauritius.

15 May 2013, business.mega.mu

Tertiary Education: Loan at 7.9% Interest for Students

Good news for students who wish to undertake tertiary education but do not have the means to finance their education. The 'Student Loan Scheme', announced in the last budget, is now in force. Accordance with established procedures, all those who want to pursue undergraduate studies, whether in Mauritius or abroad are eligible for a bank loan of up to Rs 100,000 per year for a period of three years, a maximum loan of Rs 300,000.

14 May 2013, business.mega.mu

Real Estate Bubble: Not Explode or Burst

"The steady increase in credit growth in specific sectors could be heralding the creation of bubbles. On the other hand, the rise in non-performing loans' recorded during the year does not bode well, "captures the Governor of the Bank of Mauritius.

08 May 2013, business.mega.mu

Ponzi Scheme: What About Commercial Banks?

Commercial banks have a responsibility in the recent scandals in the Ponzi Scheme? The issue was discussed Monday at the show Question Time on Radio Plus. MP Kee Cheong Li Kwong Wing believes that yes, while Ravin Dajee, CEO of Barclays, emphasizes a range of security measures.

07 May 2013, business.mega.mu

La DBM Va Rayer Les Dettes D’une Catégorie D’emprunteurs

Rayer les dettes d’une catégorie d’emprunteurs. C’est ce que compte faire la Banque de développement de Maurice (DBM) comme annoncé lors d’un point de presse, lundi.

01 May 2013, business.mega.mu

Bramer Bank Nominated for the African Banker Awards 2013

Regional recognition is emerging for Bramer Bank with his nomination for the African Banker Awards 2013 category 'Financial Inclusion'.

30 Apr 2013, business.mega.mu

Is Cyprus More Important Than You Think?

In 1938, British Prime Minister Neville Chamberlain’s speech decided to ignore “a quarrel in a far-away country between people of whom we know nothing”. The world has now convinced itself that Cyprus is simply not systemically important. They may be proved wrong.

23 Apr 2013, business.mega.mu

Global Banks Are 'Divorcing' China

HSBC Group is expected in the next few months to sell its 8.0% stake in the Bank of Shanghai. The financial services giant could receive as much as $800 million from its shares in the second-tier Chinese lender.

22 Apr 2013, business.mega.mu

Interview: Our Banking System Is Weak, Said Manou Bheenick

"It is clear that the contracts - the" investment agreements "- I've seen are documents that have been referred by lawyers. So there are lawyers - barristers, solicitors, notaries - involved in this case "

01 Apr 2013, business.mega.mu

MCB : Un Holding pour Chapeauter Trois Segments d’Opérations

La Mauritius Commercial Bank (MCB) se propose de séparer ses opérations bancaires et non-bancaires et compte pour cela se doter d’une nouvelle structure avec la création d’un holding pour chapeauter trois segments d’opérations : bancaires, non-bancaires et autres investissements.

30 Mar 2013, business.mega.mu

Unauthorized Deposits: New Warning from BoM

The Bank of Mauritius yesterday launched a new warning to members of the public who are attracted by individuals, companies or institutions that offer unauthorized deposit plans and are also bound rates of pay more attractive.

21 Mar 2013, business.mega.mu