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Trading

List of Banks in Mauritius

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: March 6, 2020

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Banking Wealth Management Digital banking Central Banks

Bank of Mauritius
Absa Bank (Mauritius) Limited
State Bank of Mauritius
AfrAsia Bank
Standard Chartered Bank
Bank of Baroda
Bramer Banking Corporation
Mauritius Commercial Bank
Bank One Mauritius
Mauritius Post & Cooperative Bank
SBI International Mauritius
Investec Bank
Indian Ocean International Bank
Standard Bank
Habib Bank
Deutsche Bank
Banque des Mascareignes
PT Bank International
HSBC Bank

Key Takeaways

Mauritius hosts around 19–20 licensed banks offering diverse services including retail, corporate, and international banking.
Major domestic players include Mauritius Commercial Bank (MCB), SBM Bank, and AfrAsia Bank, with MCB and SBM holding the largest market share.
Numerous international banks operate via branches or subsidiaries, such as Absa, Standard Chartered, HSBC, Bank of Baroda, Investec, and Deutsche Bank.
The sector is regulated by the Bank of Mauritius under the Banking Act 2004 and Bank of Mauritius Act 2004, supporting Mauritius’ status as a robust financial centre.
Mauritius’ banking sector contributes significantly to GDP and supports cross-border and IFC-related financial services.

References

Frequently Asked Questions

How many banks are licensed in Mauritius?

As of mid‑2024, Mauritius has around 19–20 licensed banks operating domestically and internationally.

Who regulates banks in Mauritius?

Banks are regulated by the Bank of Mauritius under the Banking Act 2004 and the Bank of Mauritius Act 2004.

Which are the largest banks by market share?

Mauritius Commercial Bank and SBM Bank hold the largest market shares, together representing a substantial portion of deposits and loans.

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List of Banks in Mauritius

Key Takeaways

References

Frequently Asked Questions

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