The Mauritian banking industry comprises of 23 banks, of which 6 local banks, 10 foreign-owned subsidiaries, 1 is a joint venture, 4 are branches of foreign banks and 2 are licensed as private banks. All the banks are licensed by the Bank of Mauritius to carry out banking business locally and internationally.
The banking industry is characterised by the wide range of services provided. Besides traditional banking facilities, banks offer card-based payment services, such as credit and debit cards internet banking and phone banking facilities. Specialised services such as fund administration, custodial services, trusteeship, structured lending, structured trade finance, international portfolio management, investment banking, private client activities, treasury and specialised finance are also offered by banks. The international banks offer a wide range of global banking and financial services to corporate, institutional and private clients. Some of the biggest and most reputable international banks are present in Mauritius and actively carry out international cross border activities.
We offer 2 banks in Mauritius with ABC Banking Corporation and Standard Chartered Bank Mauritius.