SBM Bank (Mauritius) LTD | SBM Bank Mauritius

SBM Bank (Mauritius) Ltd is a leading banking institution in Mauritius with total assets of MUR 336.7 billion and total deposits amounting to MUR 297.3 billion as at 31 December 2024. It is the mainstay of the SBM Group, one of the largest listed entities on the Stock Exchange of Mauritius.

SBM Bank (Mauritius) Ltd (“the Bank”) is the mainstay of the SBM Group, one of the largest listed entities on the Stock Exchange of Mauritius. Since its creation in 1973, the Bank has paved its way to become one of the leading financial institutions in Mauritius, with a major partaking in the country’s socio-economic development over the years through its participation in important projects and the active deployment of corporate sustainability initiatives in various fields.

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SBM Bank (Mauritius) Ltd at a glance

Profit for the year: MUR 5.8 billion
Total Assets: MUR 336.7 billion
Total Deposits: MUR 297.3 billion
Total Operating Income: MUR 12.9 billion
Employees: 1,719

_{*The above figures are as at 31 December 2024}

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LINES OF BUSINESS

SBM Bank (Mauritius) Ltd caters for a diversified portfolio of customers through its multi-channel capabilities. The Bank provides a wide range of services to its diversified client segments including retail customers, SMEs, Corporates, High Net Worth clients and international clients. Furthermore, the Bank provides a number of services which are available on-line to offer its customers a unique customer experience. The Bank’s performance has been recognised and awarded internationally. In 2018, the Bank was awarded Bank of the Year - Mauritius 2018 by The Banker Banking Awards 2018; Best Innovation in Retail Banking Mauritius 2018 by International Banker Banking Awards 2018; Best Regional Bank of the Year – Southern Africa by African Banker Awards 2018; Best Retail Bank Mauritius 2018 and Best e-Commerce Bank Mauritius 2018 by the Global Banking & Finance Awards®. In 2019, the Bank was awarded Best Private Banking & Wealth Management Bank Mauritius 2019 by the International Business Magazine; Best Retail Bank 2019 – SBM Bank (Mauritius) Ltd by the Global Banking & Finance Review magazine; Customer Service Innovation Award by Infosys Finacle Client Innovation Awards 2019 and Highest Authorization Approval Rate – Cross Border Consumer Point of Sale (POS) (Issuer) by VISA – SBM Bank (Mauritius) Ltd.

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