Major changes are taking place at the leadership of AfrAsia Bank. Following the recent appointment of Olivier Jauffret as Chairman of the Board, the entity has...
AfrAsia Bank has continued its growth trajectory for the first quarter ending on September 30, 2023, reporting a net profit after tax of Rs 1.7 billion....
AfrAsia Bank has achieved outstanding financial performance, reporting record profits of Rs 5.9 billion for the fiscal year 2022-23. The bank reportedly benefited from high benchmark...
A Privy Council’s judgment in the case between Stanford Asset Holding Limited and Mauritius-based AfrAsia Bank Limited has been described as a setback for the banking...
The Bank of Mauritius (BoM) is reportedly in the presence of a due diligence report which could jeopardise IBL’s deal to sell its 30.29% shares in...
A shareholder of AfrAsia Bank and his wife intend to foil plans of AFG Holding to buy 74.48% of the bank’s shares. The couple has reportedly...
Mauritius-headquartered IBL Ltd will sell its 30.29% stake in AfrAsia Bank to AFG Holding, an entity registered in Côte d’Ivoire. AFG Holding, a subsidiary of the...
In a demand notice dated September 19, AfrAsia has reportedly demanded SBM to pay a $7.5 million (Rs338million) debt claim within 21 days, failure to which...
Further to the chaotic adjournment of its Annual Meeting of the Shareholders (AMS) on June 23, 2022, SBM Holdings has announced it will hold the meeting...
SBM Bank (Kenya) has been ordered to pay AfrAsia Bank over US$7.5 million (Rs300 million), which the Mauritius-based lender deposited in collapsed Chase Bank in April...
