The Bank’s anchor shareholder, IBL Ltd, is the 1st business conglomerate in Mauritius (2019 Top 100 Companies) and employs more than 25,750 team members. With more than 280 companies active in 22 countries, the Group covers various economic sectors which are classified into 9 clusters, namely Agro, Building & Engineering, Commercial, Financial Services & other services, Hospitality, Life, Logistics, Manufacturing & Processing and Properties. IBL Ltd is listed on the Stock Exchange of Mauritius (SEM) since the 14th of July 2016 and on the Stock Exchange of Mauritius Sustainability Index (SEMSI) since September 2017. It also has 9 companies listed on the SEM and 3 companies listed on the SEMSI.
Founded in 1859, National Bank of Canada (NBC) is one of the six systemically important banks in Canada. It is an integrated provider of financial services to retail, commercial, corporate, and institutional clients. Headquartered in Montreal, NBC has more than 24,000 employees and 2.5 million individual clients. Clients in the United States, Europe, and other parts of the world are served through a network of representative offices, subsidiaries, and partnerships. National Bank of Canada is listed on the Toronto Stock Exchange (TSX: NA) and its long-term senior debt is rated A+ by Fitch and BBB+ by S&P as at June, 2019.
Intrasia Capital Pte Ltd (Group) is a Singapore established family office and investment holding company. Its operations are managed from Mauritius. Intrasia Group is mainly focused on developing and managing international public and private companies in the corporate and financial services industry, energy and resources, properties and agriculture. In Mauritius, Intrasia provides corporate structuring and administration services through LJ Management (Mauritius) Limited and produces unique healthy rice through Mighty Rice Limited. Its subsidiary, Aspac Mining Limited has substantial interests in the coal, gold and methane gas industries in Southern and Eastern Africa. Its other businesses operate out of Australia, Madagascar, Tanzania and Mozambique. The Group is the third largest shareholder of the Bank and provides guidance and support to its international expansion.
The DARE culture was formulated using a bottom-up approach by appointing Culture Ambassadors to represent each department to help with the culture revamp and deployment exercises.
In the quest to foster innovation and an intrapreneurial culture, the Dragon’s Den initiative was introduced to provide all ABL staff the opportunity to participate and come forward with their leading innovative “game” changing ideas which will challenge the status quo and ultimately improve process efficiency to impact positively on Customer Experience.
In line with its “Bank Different” philosophy, AfrAsia provides tailored financial solutions to its clients in four areas of expertise. Additionally, AfrAsia Capital Management Limited complements the Bank by providing asset management services.
As an agile and entrepreneurial bank, AfrAsia offers personalised services and tailored products, ranging from cash management solutions to investment and treasury products.
On the domestic front, clients range from the Top 100 corporates through to parastatals and government bodies while our client coverage on the International Banking desk is niche, selective and driven by known relationships of our banking partners abroad. Although the core markets remain South Africa and India, the division has been successful at diversifying its risks across new markets on the African continent and the emerging markets of Asia.
AfrAsia Bank aims to be a passionate partner to its clients while fostering privileged relationships through disruptive innovation, tailoring financial solutions for both local and international markets.
Each and every client is looking for a banking partner who can offer a secure financial haven from economic uncertainty. As a matter of fact, stability and good governance, speed of execution, constant availability, and an in-depth understanding of compliance and regulations regardless of net worth or age are all very important for a success story. With customers in more than 140 countries and a representative office in South Africa, AfrAsia Bank has the ability to play an important role in making the global ventures of its clients succeed. Benefitting from its strategic location in the Mauritius International Financial Centre, the Bank is serving the international corporate, asset management, and private banking markets with a broad range of innovative products and solutions to support business growth and opportunities.
AfrAsia Bank offers a wide range of treasury products to suit the needs of both corporate and institutional customers. Its local expertise, global access and balance sheet scale allow the Bank to provide clients with a range of financial instruments to meet their risk management, investment and trading needs. Managed by a team of professionals with decades of experience, the Bank is committed to satisfy its clients’ commercial and investment needs.
AfrAsia Capital Management Ltd (ACM) is a fully owned subsidiary of AfrAsia Bank Limited and is licensed by the Financial Services Commission as an investment advisor (unrestricted), CIS manager and distributor of financial products.
Services Provided Include:
The AfrAsia Bank Sustainability Summit was launched in October 2018, a first in the Mauritian corporate landscape. With its core theme being “Translating the SDGs into your Business”, the summit aimed to trigger a staunch public-private sector collaboration and highlight how inter-organisations cooperation drives the Sustainable Development Goals (SDGs). The event welcomed participants from Africa, Asia and Europe as well as eminent experts from UN and Commonwealth.
AfrAsia has been a key player in promoting the Island as a sports, lifestyle and investment destination. The 4th edition of the AfrAsia Bank Mauritius Open was held at Four Seasons Golf Club Mauritius at Anahita. As the first worldwide tri-sanctioned tournament and Mauritius’ biggest sporting event, it brings together golf professionals to compete for a EUR1m prize fund – the highest ever paid for a tournament in Mauritius. The competition is broadcasted worldwide, attracting more than 4,000 spectators and with over 323m households.
Building on our Africa strategy to engage and forge relationships with new audiences, as well as promoting Mauritius as an International Financial Centre, AfrAsia Bank partnered with a leading wealth intelligence and market research company, New World Wealth, to extend some industry insights on the performance of millionaires and wealth trends worldwide. During this financial year, we launched three reports: -
EMEA Finance’s African Banking Awards 2018
AfrAsia has been recognised as the Best Bank in Mauritius, retaining this award for the second consecutive year. In addition to this, the Bank has bagged for the first time, the Best Investment Bank in Mauritius and The Most Innovative Bank Pan-Africa. Furthermore, Sanjiv Bhasin has been acknowledged as the CEO of the Year at this awards ceremony.
Oracle HCM Cloud Rubies Awards 2019
In recognition of our successful deployment and implementation of its Human Capital Management system (HCM) on cloud, Oracle has proudly bestowed on us two prestigious accolades: the Oracle HCM Cloud Rubies Awards 2019 under the category “Keep it in the Family” and the Cloud for Millennials Award. The Bank also won the Cloud for Millennials Award from Club Utilisateurs Oracle, France. These accolades reinforce our commitment to continually invest in our digital transformation journey to further enhance our employee experience.