SBM Holdings, a major State-owned banking group in Mauritius, has held its 13th Annual General Meeting (AGM) amidst controversy and shareholder discontent. Sattar Hajee Abdoula was...
SBM Bank (Mauritius) Ltd (SBM) has been ordered by the Supreme Court to disclose details regarding a loan of Rs 1.6 billion (approximately $40 million). The...
Three banks in Mauritius are about to introduce a targeted measure of low interest rates aimed at clients with low incomes. A total of 36,900 loans...
The SBM Group has delivered strong financial results, with profit attributable to equity holders of the parent more than doubling to attain Rs3.6 billion for the...
The Board of the State Bank of Mauritius (SBM) has reportedly recorded three resignations in recent days. According to Defi Media, Eric Leal, CEO of Leal...
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...
The two Mauritius state-owned banks, State Bank of Mauritius and MauBank, have signed an MoU to put in place a “zero-interest medical loan scheme” for patients...
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...
Shareholders of SBM Holdings are apparently furious. During the bank’s AGM held at Ebene held on Wednesday, they reportedly did not get “proper answers” on the...
SBM Mauritius has just received two new accolades at the recent International Finance Awards 2022. According to reports, SBM was heralded as the “Best Private Bank”...
