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AfrAsia Stories

  • Communiqué
    Debit Card System Update

    We wish to inform you that in view of enhancing our debit card system, there will be a planned maintenance on Wednesday 29 November 2023 from 04:00 a.m. to 05:30 a.m. (Mauritius time, GMT+4), during which transactions might be impacted.

    28 Nov. 2023
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  • News
    South African Johannes Markus Erne wins entry to lauded AfrAsia Bank Mauritius Open PRO-AM
    South African Johannes Markus Erne wins entry to lauded AfrAsia Bank Mauritius Open PRO-AM

    AfrAsia Bank yesterday hosted the final qualifying round for the prestigious AfrAsia Bank Mauritius Open PRO-AM at Steyn City.

    09 Nov. 2023
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  • News
    AfrAsia Bank has delivered another record performance, with profits of MUR 5.9bn for the year ended June 2023.
    AfrAsia Bank has delivered another record performance, with profits of MUR 5.9bn for the year ended June 2023.

    For the twelve months ended 30 June 2023, AfrAsia Bank has delivered an exceptional financial performance with a net profit after tax (“NPAT”) of MUR 5.9bn, marking a healthy increase from MUR 1.4bn in the prior year. The Bank has continued on a strong growth trajectory marked by sustained core earnings and general increase in yield levels.

     

    26 Sep. 2023
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  • News
    AfrAsia Bank raises its commitment to mangrove restoration with a second donation of MUR 1.7m to NGO Reef Conservation
    AfrAsia Bank raises its commitment to mangrove restoration with a second donation of MUR 1.7m to NGO Reef Conservation

    AfrAsia Bank reaffirms its long-term commitment to the preservation of Mauritius' mangrove ecosystems by announcing a generous donation of MUR 1.7m to the NGO Reef Conservation. This donation, announced on 14 September 2023, represents the bank's second contribution, following a previous donation equivalent to MUR 1.8 million. 

    14 Sep. 2023
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  • News
    AfrAsia Bank is honoured as “Best Bank in Mauritius” for second consecutive year
    AfrAsia Bank is honoured as “Best Bank in Mauritius” for second consecutive year

    AfrAsia Bank has been honoured, for the second consecutive year, as the Best Bank in Mauritius 2023 by Global Finance Awards. The 30th edition rewarded banks who attended carefully to their customers’ needs in challenging markets and accomplished strong results while laying the foundations for future success. 

     

    06 Sep. 2023
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  • News
    La Réserve Golf Links set for spectacular debut as new host of 2023 AfrAsia Bank Mauritius Open
    La Réserve Golf Links set for spectacular debut as new host of 2023 AfrAsia Bank Mauritius Open

    The magnificent new La Réserve Golf Links will make its international championship debut when it hosts the 2023 AfrAsia Bank Mauritius Open from 14-17 December, opening its fairways to the leading professionals on the DP World Tour and Sunshine Tour.

     

    17 Aug. 2023
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  • Communiqué
    Communiqué

    In reference to the communique dated 29 December 2022, AfrAsia Bank Limited (“the Bank”) wishes to inform its shareholders and the public in general that the transaction pertaining to the proposed acquisition by AFG Holding SA of a 74.48% majority stake, in the share capital of the Bank, which was subject to the satisfactory completion of conditions precedent, has not materialized.

    26 Jul. 2023
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  • Communiqué
    Communiqué

    AfrAsia Bank Limited (“ABL”) has taken cognisance of the circulation of a false and malicious message on social media related to its standing. ABL has contacted the relevant authorities to take immediate action. 

     

     

    12 Jul. 2023
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  • News
    Indulge in Exclusive Benefits with the AfrAsia Visa Signature Debit Card
    29 Jun. 2023
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  • Market Updates
    Is the Japanese Yen back on the winning side soon?
    01 Jun. 2023
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  • Blog
    Celebrating motherhood differently… To all mothers, wishing you a happy Mother's Day
    Celebrating motherhood differently… To all mothers, wishing you a happy Mother's Day
    25 May. 2023
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  • News
    AfrAsia Foundation partners with Reef Conservation to launch the 1st Citizen-Science App to advance mangrove preservation
    AfrAsia Foundation partners with Reef Conservation to launch the 1st Citizen-Science App to advance mangrove preservation

    AfrAsia Foundation, in collaboration with NGO Reef Conservation, hosted a cocktail on Wednesday 24 May 2023 at its Port Louis offices for the launching of ‘Mangrove Matters’, a first citizen-science mobile application designed to monitor mangrove conservation in the marine ecosystem.

    24 May. 2023
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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.

    23 May. 2023
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  • News
    AfrAsia Bank’s third quarter results jump to record high with profits of MUR 3.8bn
    AfrAsia Bank’s third quarter results jump to record high with profits of MUR 3.8bn

    For the nine months ended 31 March 2023, AfrAsia Bank has delivered an exceptional financial performance with a net profit after tax (“NPAT”) of MUR 3.8bn, representing a significant increase of 261% over the prior year. The Bank has continued on a strong growth trajectory marked by sustained core earnings and steady rise in yield levels.

    17 May. 2023
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  • Blog
    Banking on sustainable finance to scale up the Mauritius IFC
    Banking on sustainable finance to scale up the Mauritius IFC
    11 May. 2023
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  • Blog
    Mauritius & South Africa:  A mutually beneficial trade relationship
    Mauritius & South Africa:  A mutually beneficial trade relationship
    10 May. 2023
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  • Blog
    Mauritius IFC: From a conventional jurisdiction to a forward-looking hub
    Mauritius IFC: From a conventional jurisdiction to a forward-looking hub
    17 Apr. 2023
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  • 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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Contact our PR team
  • Govind Koormadu
    PR Manager
    +230 5257 8737