MauBank

MauBank Ltd
MauBank
Industry Banking, Financial services
Founded August 1, 2003 (2003-08-01) in Port Louis, Mauritius
Founder Government of Mauritius
Headquarters 25 Bank Street, Ebene CyberCity, Mauritius
Key people
Services Consumer banking
Corporate banking
Investment banking
Mortgage loans
Private banking
Wealth management
Credit cards
Insurance
  • Increase MUR 473.56 million
 (2016)
Total assets
  • Increase MUR 28.48 billion
 (2016)
Number of employees
  • Increase 650
 (2016)
Parent MauBank Holding Ltd
Website www.maubank.mu

MauBank is a bank headquartered in Ebene CyberCity, Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the country's central bank and the nation's banking regulator. MauBank is the third largest bank in Mauritius.[1][2] It offers a full range of financial services to private and corporate clients, wealthy individuals, companies, public and financial institutions. The activities are divided into four business lines: Retail & Private Banking, Corporate Banking, SME Banking and International Banking. With the collaboration of the Government of Mauritius, the Bank provide dedicated and specialised SME banking solutions to Mauritian citizens.[3]

History

The government of Mauritius established the Mauritius Post and Cooperative Bank (MPCB) Ltd in August 2003, following the merger of the New Co-operative Bank Ltd with the Post Office Savings Bank.[4] On 4 January 2016, the MPCB acquired the assets and liabilities of the National Commercial Bank (Ex-Bramer Banking Corporation). Subsequently, the MPCB changed its name to MauBank Ltd ("MauBank").[2]

Governance

MauBank's strategic decisions are taken by its Board of Directors, headed by the Chairman Lalloo Said. Sridhar Nagarajan serves as the Chief Executive Officer.

Ownership

At 30 June 2016, the share capital of the Bank stood at Rs 3,270,858,232 represented by 3,401,813,502 ordinary shares. There are twelve (12) shareholders on the shares register with MauBank Holdings Ltd having 99.93% interest in the Bank, the remaining shares being held by 11 shareholders including public sector bodies and cooperative societies. MauBank Holdings Ltd is in turn 100% owned by the Government of Mauritius.[5]

Branches

The bank maintains its headquarters at the Ebene CyberCity, Mauritius.The bank provides basic banking services across the post office network operated by Mauritius Post Ltd. MauBank maintain a network of local branches, including one in Rodrigues island as listed below.

Branch Address
Chemin Grenier (SME branch) Royal Road, Chemin Grenier
Curepipe (SME branch) Royal Road, Curepipe
Ebene Ground Floor, Bramer House, Ebene CyberCity
Flacq (SME branch) Flacq Shopping Mall, Boulet Rouge, Flacq
Goodlands Royal Road, Goodlands
Grand Bay Richmond Hill Complex, Grand Bay
Lallmatie Corner Tagore and Royal Road , Lallmatie
Mahebourg (SME branch) Corner Delices and Mariannes Streets, Mahebourg
Pope Hennessy Port Louis (SME branch) Pope Hennessy Street Port Louis
Place D'Armes, Port Louis 1, Queen Street Place D'Armes, Port Louis
Quatre-Bornes (SME branch) St Jean Road, Quatre Bornes
Riviere Du Rempart (SME branch) Riverside Shopping Complex,
Royal Road Riviere Du Rempart
Rose Belle (SME branch) Royal Road, Bahamia Rose Belle
Rose Hill Royal Road, Rose Hill
Saint Pierre (SME branch) Kendra Commercial Centre, Saint Pierre
Terre Rouge Royal Road, Le Hochet, Terre Rouge
Triolet (SME branch) Royal Road, Triolet
Vacoas Intendence Avenue, Vacoas
Rodrigues (SME branch) Rue Max Lucchesi, Port Mathurin, Rodrigues

See also

References

  1. ↑ Emilien, Shelby (4 January 2016). "MauBank: la troisième plus grande banque du pays est née". L'Express. Retrieved 22 July 2018.
  2. 1 2 "Company Overview". www.maubank.mu. MauBank Ltd. Retrieved 22 July 2018.
  3. ↑ Emilien, Shelby (21 March 2018). "PME: 336 entreprises bénéficiaires du SME Development Scheme". L'Express. Retrieved 22 July 2018.
  4. ↑ "Mauritius Post and Cooperative Bank Ltd". www.mba.mu. Mauritius Bankers Association. Retrieved 22 July 2018.
  5. ↑ "MauBank Ltd - Financial Statement 30 June 2016" (PDF). www.maubank.mu. MauBank Ltd. Retrieved 22 July 2018.


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