Top Banks in Mauritius

The top leading banks in Mauritius include Barclays Mauritius, Mauritius Commercial Bank Ltd., State Bank of Mauritius, HSBC, among others.

Barclays has been operated in Mauritius since 1919, and is the third largest bank in the country. Its head office is in the country’s capital city, Port Louis. In 2008, Barclays was named Best Bank in Mauritius by emeafinance magazine. The bank also offers offshore banking services on the island, and asset finance leasing, through Barclays Leasing Company Ltd.

The Mauritius Commercial Bank Ltd. (MCB) is the largest banking institution in Mauritius, with international Presence in overseas including: Madagascar, Maldives, Mozambique, Seychelles, etc. MCB is awarded the Bank of the Year 2010 by the prestigious publication “The Banker”.According to Global Rankings by The Banker July 2010, it is ranked 743rd among the Top 1000 Banks and 25th in sub-Saharan Africa. Additionally it is also rated 134th worldwide in terms of soundness; 42nd for Return on assets; 116th for Profit on average capital.

State Bank of Mauritius (SBM) is the second biggest bank in Mauritius with a market share of about 25% of domestic banking assets. The lines of business include: Retail Banking, Small and Medium Enterprises, Corporate, International and Investment Banking, Treasury services, Wealth Management & Private Banking, eBusiness, Fiduciary services, Asset Financing, Stockbrocking and Asset Management. It was listed on the Stock Exchange of Mauritius in 1995.

HSBC Bank (Mauritius) Limited is a wholly owned subsidiary of the HSBC Group, having been incorporated in Mauritius in 2006. HSBC operates the largest offshore bank in Mauritius.

* Next: Stock Exchange of Mauritius (SEM)