Newsroom

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.

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

Following the increase of the Key Repo Rate by 0.25%, we wish to inform our customers and the public that, effective 15 June 2022, our interest rates will be as follows:

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.

We wish to inform you that we are presently experiencing a technical issue impacting the access to the AfrAsia Cards Mobile App whereby some customers may experience a login issue, where they will be requested to re-register their card on the Mobile App.

We wish to inform that AfrAsia Bank will begin the phasing out of its entire suite of Prepaid Cards as from 1st July 2022.

We wish to advise that, with immediate effect, all international payments in Euro (EUR), to be credited to your account(s), must be routed through the correspondent banks as detailed below:

We wish to inform our valued clients and the general public that effective 1 July 2022, our fees and charges will be revised for the following products & services:

Following the increase of the Key Repo Rate by 0.15%, we wish to inform our customers and the public that, effective 18 March 2022, our interest rates will be as follows:

We wish to inform you that due to the suspension of Mastercard and Visa operations and networks in Russia, all transactions effected with AfrAsia cards in that country may not be authorised.