Bank One Mauritius

Bank One Mauritius
Private
Industry Finance and Insurance
Predecessor First City Bank
Founded 2008 (2008)
Headquarters Port Louis, Mauritius
Key people
 David Proctor (Chairman), Ravneet Chowdhury (Chief Executive Officer)[1]
Products Banking
Revenue Increase MUR 721.4 Million (US$22.78 Million)(2014)
Increase MUR 117.1 Million (US$3.70 Million) (2014)
Total assets Increase MUR 18.05 Billion (US$570.22 Million) (2014)
Owner I&M Holdings Limited (50%)
Number of employees
 250 (2016)
Website www.bankone.mu/en/

Bank One Mauritius (BOM), is a bank in Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the national banking regulator.[2]

BOM is a large financial services provider in Mauritius. As of December 2012, the bank had total assets valued at approximately US$630.2 million, with shareholders' equity of approximately US$36.84 million.[3]

The banks holds a 5.59% stake in Kenyan bank Oriental Commercial Bank.[4]

History

Bank One Mauritius was formed in 1997, as First City Bank Limited (FCB), when it acquired the assets of Delphis Bank Limited, a ten-year-old financial institution that was in receivership in 2012.

In 2008, I&M Bank Group, a Kenya-based financial conglomerate, acquired a 50 percent ownership in First City Bank Limited. FCB then re-branded as Bank One Mauritius.[5]

Ownership

The stock of the bank is privately owned. The table below depicts the ownership in Bank One Mauritius:

Bank One Mauritius Stock Ownership
RankName of OwnerPercentage Ownership
1I&M Bank Group of Kenya50.00
2CIEL Investments Limited of Mauritius50.00
Total100.00

Branches

BOM maintains networked branches at the following locations:[6]

  1. Main Branch - 16 Sir William Newton Street, Port Louis
  2. Curepipe Branch - Royal Road, Curepipe
  3. Rose Hill Branch - Royal Road, Rose Hill
  4. Rose Belle Branch - Royal Road, Rose Belle
  5. Vacoas Branch - John Kennedy Avenue, Vacoas
  6. Quatre Bornes Branch - St Jean Road, A8, Quatre Bornes, Quatre Bornes
  7. L'Escalier Branch - Royal Road, L'escalier
  8. Triolet Branch - Royal Road, Triolet
  9. Mahebourg Branch - Royal Road, Mahebourg
  10. Flacq Branch - Charles de Gaulle Street, Flacq
  11. Chemin Grenier Branch - Royal Road, Chemin Grenier
  12. Rivière du Rempart Branch - Royal Road, Rivière-du-Rempart
  13. Goodlands Branch - Royal Road

See also

References

  1. ↑ Board of Directors of Bank One Mauritius
  2. ↑ List of Licensed Commercial Banks In Mauritius Archived 8 May 2013 at the Wayback Machine.
  3. ↑ December 2012 Financial Highlights
  4. ↑ "Bank One Mauritius 2014 Annual Report" (PDF). Bank One Mauritius. 2014-12-31. Retrieved 2015-11-19.
  5. ↑ History of Bank One Mauritius
  6. ↑ Branches of Bank One Mauritius


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