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AfrAsia Stories

  • News
    AfrAsia bags Best FX Bank & Best Private Bank by two renowned awarding
    AfrAsia bags Best FX Bank & Best Private Bank by two renowned awarding

    AfrAsia Bank has recently been awarded the title “Best FX Bank in Mauritius” at the Global Finance’s Gordon W. Platt Foreign Exchange Awards 2023 held on Wednesday, February 22 at Glaziers Hall in London. These awards reward banks whose FX departments provide superior guidance and performance to their clients. The 2023 winners were chosen based on wide-ranging criteria, including transaction volume, scope of global coverage and competitive pricing.

    16 Mar. 2023
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  • Communiqué
    Communiqué - Revision of Interest Rates

    In the wake of the new Framework for the conduct of Monetary Policy as announced by Bank of Mauritius on 13 January 2023, we wish to inform our customers and the public that, effective 01 March 2023, our Savings interest rate will be 3.40% p.a.

     

     

    20 Feb. 2023
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  • News
    AfrAsia Bank delivers a noteworthy half year results with a 157% increase in profit to reach MUR 2.0bn
    AfrAsia Bank delivers a noteworthy half year results with a 157% increase in profit to reach MUR 2.0bn
    14 Feb. 2023
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  • Communiqué
    Communiqué

    The Board of Directors of AfrAsia Bank Limited (the “Bank”) wishes to inform the shareholders of the Bank and the public in general that AFG Holding (“AFG”) has entered into an agreement with the National Bank of Canada, IBL Ltd and other minority shareholders with the intention to acquire a 74.48% majority stake (the “Transaction”) in the share capital of the Bank.

     

    29 Dec. 2022
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  • Communiqué
    Revision of Interest Rates

    Following the increase of the Key Repo Rate by 0.50%, we wish to inform our customers and the public that, effective 01 January 2023, our interest rates are as follows:

    29 Dec. 2022
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  • Blog
    Record win for Rozner in AfrAsia Bank Mauritius Open
    Record win for Rozner in AfrAsia Bank Mauritius Open
    18 Dec. 2022
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  • Blog
    Rozner chasing AfrAsia Bank Mauritius Open glory
    Rozner chasing AfrAsia Bank Mauritius Open glory
    17 Dec. 2022
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  • Blog
    Rozner in the hunt again at AfrAsia Bank Mauritius Open
    Rozner in the hunt again at AfrAsia Bank Mauritius Open
    16 Dec. 2022
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  • Blog
     Course record for Välimäki to lead AfrAsia Bank Mauritius Open
    Course record for Välimäki to lead AfrAsia Bank Mauritius Open
    15 Dec. 2022
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  • Blog
    Africa’s Drive Towards Sustainability: Launch of ESG GPS in Mauritius
    Africa’s Drive Towards Sustainability: Launch of ESG GPS in Mauritius
    01 Dec. 2022
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  • Communiqué
    Updated List of Correspondent Banks

    We wish to advise that our list of correspondent banks for settlement instructions has been updated.

     

    25 Nov. 2022
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  • News
    AfrAsia Bank named “Best Banking & custody provider: Global Custodian” for the 3rd consecutive year by AGF Awards
    AfrAsia Bank named “Best Banking & custody provider: Global Custodian” for the 3rd consecutive year by AGF Awards

    AfrAsia Bank was awarded Best Banking & custody provider: Global Custodian for the third consecutive year at the 6th edition of AGF Service Providers Awards, recognising the top service providers that supported Africa-focused funds in 2021/22.

     

    18 Nov. 2022
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  • News
    A solid performance for AfrAsia Bank’s first quarter with profit up by 113%
    11 Nov. 2022
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  • Market Updates
    Quarterly Forex Market Outlook October 2022
    11 Nov. 2022
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  • News
    AfrAsia Bank registers a healthy increase of 64% in Net Profit After Tax, reaching MUR 1.4 billion
    01 Nov. 2022
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  • Communiqué
    Revision of Negative Interest Rate on CHF Current Accounts

    We wish to advise that effective 01 November 2022 the negative interest rate applicable on all CHF current accounts holding Credit balances will be revised down from 1.25% per annum (p.a) to 0.5% p.a

    31 Oct. 2022
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  • News
    AfrAsia donates post-mastectomy prosthesis to Link to Life breast cancer survivors
    AfrAsia donates post-mastectomy prosthesis to Link to Life breast cancer survivors

    AfrAsia, through its foundation, has made health one of its priority causes, notably its fight against breast cancer through screening.

    28 Oct. 2022
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  • Blog
    Quelle est l'influence des taux d'intérêt sur le prix de l'or?
    Quelle est l'influence des taux d'intérêt sur le prix de l'or?
    20 Oct. 2022
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  • Blog
    Mont Choisy Le Golf set to impress as host of 2022 AfrAsia Bank Mauritius Open
    Mont Choisy Le Golf set to impress as host of 2022 AfrAsia Bank Mauritius Open
    18 Oct. 2022
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  • Communiqué
    Revision of Interest Rates

    Following the increase of the Key Repo Rate by 0.75%, we wish to inform our customers and the public that, effective 15 October 2022, our interest rates will be as follows:

    14 Oct. 2022
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  • News
    Start of the qualifying rounds for the PRO-AM of the AfrAsia Bank Mauritius Open 2022
    Start of the qualifying rounds for the PRO-AM of the AfrAsia Bank Mauritius Open 2022

    AfrAsia Bank has kicked off the qualifying rounds for the PRO-AM of the AfrAsia Bank Mauritius Open on Sunday 02 October at the Heritage Golf Club, Bel-Ombre. After a three-year break, the event, welcomed more than 60 golfers who competed in teams of four in a beautiful fair-play atmosphere.

     

    03 Oct. 2022
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  • Blog
    Burmester confirmed for 2022 AfrAsia Bank Mauritius Open
    Burmester confirmed for 2022 AfrAsia Bank Mauritius Open
    16 Sep. 2022
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  • News
    World tours welcome back AfrAsia Bank Mauritius Open
    World tours welcome back AfrAsia Bank Mauritius Open

    The AfrAsia Bank Mauritius Open will return to the Sunshine Tour and DP World Tour schedules for the first time since 2019 at a celebrated new world-class host venue this December. 

    18 Aug. 2022
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  • Blog
    EUR/USD – la roupie prise en étau
    EUR/USD – la roupie prise en étau
    28 Jul. 2022
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  • News
    AfrAsia Bank awarded 2 international accolades for its private banking services
    AfrAsia Bank awarded 2 international accolades for its private banking services

    AfrAsia Bank has won the title “Best Private Bank – Mauritius” for the second consecutive year at the Global Private Banking Innovation Awards, organised by Global Private Banker and The Digital Banker at the VIP Winners Champagne Gala at Mandala Club, Singapore on Thursday 21 July 2022. 

    26 Jul. 2022
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  • Communiqué
    Revised General Terms & Conditions

    We wish to inform you that the Bank has undertaken a review of its General Terms and Conditions (T&Cs) and the same will take effect as from 1 September 2022.

    25 Jul. 2022
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  • Communiqué
    Communiqué - Resignation of CEO

    The Board of AfrAsia Bank Limited has accepted the resignation of Malachy McAllister as the Bank’s Chief Executive Officer, effective 27 June 2022. 

    28 Jun. 2022
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  • News
    AfrAsia joins ENSafrica & AustCham Mauritius for a panel discussion on Fintech’s impact across Africa
    AfrAsia joins ENSafrica & AustCham Mauritius for a panel discussion on Fintech’s impact across Africa

    ENSafrica, the largest law firm on the African continent, in collaboration with Australian Chamber of Commerce Mauritius (AustCham Mauritius), hosted a panel discussion for their members on Tuesday 14 June 2022 at Labourdonnais Waterfront Hotel around the theme “Fintech and Technology: The key to success across Africa”.

    17 Jun. 2022
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  • Market Updates
    Inflation on the go, full speed ahead for the Fed!
    14 Jun. 2022
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  • Communiqué
    Communiqué - CRS Implementation

    The Common Reporting Standard (CRS), developed by the Organisation for Economic Cooperation and Development, is a global standard for the automatic exchange of financial account information. In compliance with the obligations under CRS, we are required to collect certain tax-related information and/or documents from account holders.

    10 Jun. 2022
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