AfrAsia Bank
Encyclopedia
Launched on October 2, 2007 and headquartered in the Mauritius International Financial Services Centre, AfrAsia Bank Ltd is a boutique bank that offers a comprehensive range of financial solutions focusing on:
With their anchor Mauritian shareholder, Groupe Mon Loisir, other regional strategic partners, including Dale Capital Group of South Africa, Intrasia Capital of Singapore
and PROPARCO (subsidiary of French Development Agency
), and a passionate team of experienced bankers, AfrAsia Bank has international cross-border capabilities to deliver tailor-made solutions with tangible benefits, all in an environment of trust.
-Asia
trade corridor by being closer to those markets.
With their Foreign Institutional Investor (FII) License in India, their Corporate Finance House (AfrAsia Corporate Finance) and three representative offices in South Africa, their stake in AXYS Capital Management and two international shareholders facilitating their regional growth, they are delivering on our promise to be a truly one-stop boutique regional bank that links these two continents together seamlessly.
- Corporate and Investment BankingInvestment bankingAn investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
- Private BankingPrivate bankingPrivate banking is banking, investment and other financial services provided by banks to private individuals investing sizable assets. The term "private" refers to the customer service being rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers...
and Wealth ManagementWealth managementWealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services... - International Banking Solutions
- Treasury services
With their anchor Mauritian shareholder, Groupe Mon Loisir, other regional strategic partners, including Dale Capital Group of South Africa, Intrasia Capital of Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and PROPARCO (subsidiary of French Development Agency
French Development Agency
French Development Agency is the French international development agency.The Agence Française de Développement is a public institution providing development financing...
), and a passionate team of experienced bankers, AfrAsia Bank has international cross-border capabilities to deliver tailor-made solutions with tangible benefits, all in an environment of trust.
Mission Statement
AfrAsia Bank aims to be the reference point for Corporate & Investment Banking, Private Banking and Global Business Solutions linking Mauritius and the AfricaAfrica
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
-Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
trade corridor by being closer to those markets.
AfrAsia Bank-The Bridge to Africa & Asia
AfrAsia Bank serves Mauritius and the dynamic Africa – Asia trade and investment corridor, in which Mauritius plays a vital role as a regional financial and logistics hub.With their Foreign Institutional Investor (FII) License in India, their Corporate Finance House (AfrAsia Corporate Finance) and three representative offices in South Africa, their stake in AXYS Capital Management and two international shareholders facilitating their regional growth, they are delivering on our promise to be a truly one-stop boutique regional bank that links these two continents together seamlessly.
Key Values
- Disruptive Banking
- Privileged Relationships
- Genuineness
- Passionate Partners
- “Can-Do” Attitude
Awards & Recognition
- '2011 : Best Private Bank in Mauritius (Awarded by Euromoney)
- '2010 : Quality Recognition (CitibankCitibankCitibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
) for achieving high Straight Through Processing rate for payments and transfers - '2008 : Most Innovative Bank in Mauritius (Awarded by World FinanceWorld FinanceWorld Finance is a financial magazine produced every two months by World News Media, based in the UK. It works in partnership with Reuters to provide news and data, and with Project Syndicate to provide commentary from international personalities. The magazine has included contributions from...
)
Key Achievements (2007-2011)
- Launch of AfrAsia Bank targeting Private, Corporate & International clients
- Launch of AfrAsia Investments Limited (Our Subsidiary) – Investment dealer license obtained from FSC
- Launch of capital protected foreign currency and rupee structured investment products in association with JPMorgan and ACMS
- Launch of first Titanium MasterCard Credit Card with benefits in both Mauritius & South Africa
- Most Innovative Bank in Mauritius 2008 – Awarded by World Finance (UK)
- New strategic international shareholder on board & capital injection, from Trinity Financial Group – South Africa, now known as Dale Capital Partners
- New strategic international shareholder on board & capital injection, from Intrasia Capital – Singapore
- Business mission – Accompanied Mauritius Board of Investment delegation to AsiaAsiaAsia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, EuropeEuropeEurope is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
and AfricaAfricaAfrica is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
- Authorised by Bank of Mauritius as Primary Dealer in Mauritian Government Securities
- First local bank to venture into Foreign Institutional Investor (FII) license for India business
- First bank in Mauritius to launch a credit card mileage program – In partnership with British AirwaysBritish AirwaysBritish Airways is the flag carrier airline of the United Kingdom, based in Waterside, near its main hub at London Heathrow Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations...
- Regional Forum organised with Eco Austral in Reunion Island
- Launch of South African Representative Offices in Cape TownCape TownCape Town is the second-most populous city in South Africa, and the provincial capital and primate city of the Western Cape. As the seat of the National Parliament, it is also the legislative capital of the country. It forms part of the City of Cape Town metropolitan municipality...
& JohannesburgJohannesburgJohannesburg also known as Jozi, Jo'burg or Egoli, is the largest city in South Africa, by population. Johannesburg is the provincial capital of Gauteng, the wealthiest province in South Africa, having the largest economy of any metropolitan region in Sub-Saharan Africa...
- Acquisition of 50% of AXYS Capital Management
- Acquisition of 37.5% of Trinity Corporate Finance and rebranded as AfrAsia Corporate Finance
- Seminar organised on African Investment Opportunities
- Sponsorship of the prestigious Vivendi Cup Golf Tournament in ParisParisParis is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- Sponsorship of the Mauritius Golf Masters International Tournament
- New shareholder on board, world-renowned PROPARCO, mainly held by the French Development AgencyFrench Development AgencyFrench Development Agency is the French international development agency.The Agence Française de Développement is a public institution providing development financing...
- Launch of new representative office in DurbanDurbanDurban is the largest city in the South African province of KwaZulu-Natal and the third largest city in South Africa. It forms part of the eThekwini metropolitan municipality. Durban is famous for being the busiest port in South Africa. It is also seen as one of the major centres of tourism...
- Awarded “Best Private Bank in Mauritius” – Euromoney Awards
- Launch of ACM India Focus Fund – First open-ended retail find dedicated to Indian Capital Markets
- Key player at the China-SADC Investment Forum in Johannesburg, South AfricaSouth AfricaThe Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
- Launch of AfrAsia Global Custody services in association with ABN AMROABN AMROABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
Bank
External links
- AfrAsia Bank Limited Annual Report 2009
- AfrAsia Bank Limited Annual Report 2010
- The Independent Daily (July 08, 2011). "Groupe Mon Loisir outranks Air Mauritius."
- AfrAsia Bank News - In The Media
- AfrAsia Bank News on their Corporate Blog
- businessmega.mu (February 21, 2011). AfrAsia Bank voted Best Private Bank in Mauritius in the 2011 by Euromoney.
- Cover (April 29, 2011). AfrAsia Bank expands its presence in South Africa.
- AfrAsia adds to Mauritius reputation as a "jurisdiction of substance and client value" with launch of its Global Custody Services in association with ABN AMRO Bank