Sep 3, 2014 | Business
The latest edition of the Financial Stability Report published by the Bank of Mauritius (BoM) showed that the total credit stood at around Rs 541.8 billion as at end of March 2014. The credit to the private sector, which represented 44.3% of total bank credit, grew by...
Apr 29, 2014 | Business
The financial sector in Mauritius has been deepened with the addition of two new banks, Warwyck Private Bank Ltd and Banque Richemount Limited, which are the first stand-alone, full-fledged private banks to be licensed in Mauritius. The Bank of Mauritius on Friday...
Mar 3, 2014 | Business
The credit portfolio of banks in Mauritius is “rather concentrated”, with 45% of banks’ private sector credit channeled to construction and tourism, according to the latest edition of the Financial Stability Report by the Bank of Mauritius. Also, the report noted that...
Feb 28, 2014 | Business
Ashraf Esmael continued his interview to AfricaMoney by turning his lens from the past achievements of Bramer Bank to the future of the Bank, and that of the Mauritian banking sector overall. Our financial expert stated that the Mauritian banking sector must achieve...