SBM Bank Mauritius

0 standards supported

Key details

Parent: assets

Overview

SBM Bank Mauritius is Mauritian commercial bank + SEM: SBMH + Mauritius's #2 commercial bank by assets + SBM Kenya + SBM India + SBM Madagascar + SBM Seychelles operations [1, mu-cro].

History

1973 — State Bank of Mauritius SBM founded as Mauritian state-owned commercial bank.

2014 — SBM Holdings Ltd SEM IPO under ticker SBMH distinctive Mauritian banking restructuring.

2014 — SBM India subsidiary launch + 2017 SBM Bank Kenya acquisition + 2017-2024 SBM Madagascar + SBM Seychelles expansion distinctive Mauritian-Indian Ocean-African banking expansion.

2014 — SBM Mobile Banking app launch.

Ownership & operator

Operating entity: SBM Holdings Limited (SEM: SBMH; Mauritian commercial bank).

Major shareholders: Mauritian government (Ministry of Finance and Economic Development) + National Pensions Fund Mauritius + Promotion and Development Limited + Mauritian retail + institutional + foreign investors.

Regulators: BoM (Bank of Mauritius).

Technical integration

SBM Mobile Banking app (iOS + Android) + sbmgroup.mu online + SBM branch network across Mauritius + Kenya + India + Madagascar + Seychelles + SBM Visa + Mastercard cards; MauRIS (Mauritian payment standard).

Implementations & partners

Major Mauritian + Indian Ocean + African banking competitors: [[mcb-mauritius]] (Mauritius Commercial Bank MCB; SEM: MCBG; Africa's oldest commercial bank since Sep 1 1838 + ~1M MCB Juice mobile banking users + ~40% MU banking market share + one of largest African banking groups + 9-country footprint) + [[absa-mauritius]] (Absa Mauritius; Absa Group South African parent subsidiary) + [[afrasia-bank]] (AfrAsia Bank Mauritian commercial bank focused on private + wealth banking) + [[stanchart-mauritius]] (Standard Chartered Mauritius) + [[hsbc-mauritius]] (HSBC Mauritius).

Regulator: BoM.

Status

Active, Mauritian commercial bank + SEM:SBMH + Mauritius's #2 commercial bank by assets + SBM Kenya + SBM India + SBM Madagascar + SBM Seychelles operations [1, 2].

Sources

1 SBM — official
2 State Bank of Mauritius — Wikipedia
mu-cro In-corpus: reports/countries/MU-mauritius.md

Source

Biography extracted from sbm-mauritius.md. See matrix.md for standards-support matrix if present.