SBM Bank (Mauritius) LTD | SBM Bank Mauritius

SBM Bank (Mauritius) Ltd is the flagship of SBM Group - a leading financial Institution in Mauritius with a well-established regional presence in India, Kenya and Madagascar. SBM Bank has MUR 229.28 billion in terms of assets with deposits totalling MUR 191.12 billion and around 540,000 customers.

SBM Bank is one of the strongest financial institutions in the country. Since its inception in 1973, SBM has grown tremendously and the bank is now well positioned in Mauritius with 40 branches and 4 counters in Mauritius and Rodrigues and employs some 1,520 staff. Additionally, with a domestic market share of 27% for total advances (excluding GBLs) and 21% for total segment A deposits as at 31 December 2020, SBM Bank (Mauritius) Ltd ranks among the top banks in Mauritius.

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SBM Bank (Mauritius) Ltd at a glance

Profit for the year: MUR 1.45 billion
Total Assets: MUR 229.28 billion
Total Operating Income: MUR 8.67 billion
Employees: 1,520

The above figures are as at 31 December 2020

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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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