Banks Mauritius

MCB Helps to Position Mauritius as Medical Hub

Help Mauritius to be the forefront of biomedical research. This is the objective that the Mauritius Commercial Bank (MCB) is set by funding a project of Centre for Biomedical and Biomaterials Research (CBBR) based at the University of Mauritius, to the tune of Rs 1.1 million.

18 Dec 2012, business.mega.mu

Water Bills: Payment by Credit Card

Paying bills for electricity, water and phone is a headache for many subscribers. Because they do not have the time to get involved at the counter, or the patience to stand in long lines to make the payment. A new service now makes it possible to circumvent this problem.

16 Dec 2012, business.mega.mu

CCM finds 8 Banks in Breach of Competition Act 2007

The Competition Commission of Mauritius (CCM) has found eight banks acting in contravention of the Competition Act 2007.

04 Dec 2012, business.mega.mu

Mauritius Commercial Bank Named Bank of Year in 2012

For the fourth time in the last five years, the Mauritius Commercial Bank (MCB) has been named as the Bank of the Year in Africa by "The Banker," a prestigious publication which is part of the Financial Times Group, the Mauritius bank said in a statement released on Friday

02 Dec 2012, business.mega.mu

Pratiques Bancaires Abusives : Les Biens Des Emprunteurs Hypothéqués Ad Nauseam

Savez-vous que les biens que vous offrez aux banques en garantie sous l’appellation ‘floating charge’ peuvent être hypothéqués pour de bon, même après que vous ayez remboursé la banque ? Telle est la révélation faite par la ‘Law Reform Commission’, mais qui ne semble pas intéresser nos décideurs.

29 Nov 2012, business.mega.mu

Africa Forward Together 2012: MCB Offers African Banks

The Mauritius Commercial Bank is organizing the fourth edition of Africa Forward Together. The event attracted 52 participants from 37 banks from 15 countries in Africa. The opportunity for the first bank in the country to showcase its ability to serve as a conduit for banking transactions in Africa.

20 Nov 2012, business.mega.mu

Competition Forces, Ready Housing: Banks Flesh Out Their Offerings

Gone are the days of conventional housing loan. Nowadays, banks related to their loan a series of offers, including discounts in shops specializing in construction or interior decoration. A way for them to attract customers, since they perform more or less the same rate of interest.

05 Nov 2012, business.mega.mu

China Unionpay Expands Online Payment Service in Mauritius

China UnionPay (CUP), the country's largest bank card services provider, said Friday that CUP bank cards can be accepted for online payments through the State Bank of Mauritius (SBM), further consolidating its presence in Africa.

05 Nov 2012, business.mega.mu

Afrasia Bank Officially Launched its World Mastercard Credit Card

By the end of the year, AfrAsia Bank hopes to attract 500 customers for this new product. AfrAsia Bank, a pioneer in the field of private banking in Mauritius, officially launched Wednesday, October 31, 2012 , its range of credit cards MasterCard World.

01 Nov 2012, business.mega.mu

Bilan Impressionnant: Huit Banques Épinglées

L’enquête de la Competition Commission qui aura probablement l’impact le plus important sur la vie des consomma­teurs demeure celle portant sur les accords entre les banques et les compagnies d’assu­rance. Il faut savoir que la Com­mis­sion avait épinglé huit ban­ques pour abus de posi­tion dominante.

31 Oct 2012, business.mega.mu

200 Jobs Threatened at DBM

They are 200 employees of the Development Bank of Mauritius (DBM) to fear for their jobs. The bank wants to refocus its activities and looking for a partner.

31 Oct 2012, business.mega.mu

Real Estate: 16 Partners of SBM

State Bank of Mauritius Ltd (SBM) has launched the "SBM Home Loan", Monday, the SBM Tower in Port Louis. A first in Mauritius. This housing loan, valid until 31 December 2013, also includes discounts and exceptional gifts offered by 16 partners.

31 Oct 2012, business.mega.mu

Electronic Fraud: Director's Bank Account Plundered

"I do not understand ..." The director, a resident of Grand Bay, aged 38, fell from the sky to discover that the withdrawals were made without his knowledge in his bank account.

29 Oct 2012, business.mega.mu

Solar Water Heaters: Enthusiasm Of Buyers

Craze. This is the word that is a recurring theme in the mouth responsible for the Business Development Bank of Mauritius (DBM) talking about their new plan to subsidize the purchase of a solar water heater up to Rs 10 000.

08 Oct 2012, business.mega.mu

Bramer Bank Gives A Boost To Its Business

The Bramer Bank became the first commercial bank to implement the Regional Payment and Settlement System (REPSS), a system designed to facilitate the transfer of funds between COMESA countries.

07 Oct 2012, business.mega.mu

HSBC To Scale Back Islamic Business

HSBC Holdings is to significantly scale back the presence of its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.-based bank.

05 Oct 2012, business.mega.mu

SBM Plans To Expand Operations In India And Africa

The SBM plays the card of diversification. The group focuses on Africa and Asia'' to open the way for a strong and sustainable growth in the years to come.

27 Sep 2012, business.mega.mu

MCB: Privileges For Those Earning Rs 75,000 - Rs 200,000 Per Month

Personalized service, red carpet agencies, free services, preferential rates for borrowing privileges exclusive events, collection of premium cards, and especially the 'value for money' for services.

25 Sep 2012, business.mega.mu

EMEA Finance Chooses MCB As Best Local Bank

The Mauritius Commercial Bank (MCB) has been chosen ‘Best local bank in Mauritius’ by the Europe, Middle East and Africa (EMEA) Finance Magazine for the third time in a row.

21 Sep 2012, business.mega.mu

New Bank In Six Weeks

The BanyanTree Bank Limited will commence commercial operations in the country by the end of October. This is a new commercial bank will expand supply in the local market.

12 Sep 2012, business.mega.mu