Newsroom

We wish to inform you that in view of enhancing our debit card system, there will be a planned maintenance this Thursday 02 February 2023 from 05:00 a.m. to 06:00 a.m. (Mauritius time, GMT+4), during which debit card transactions will be impacted.

We wish to inform you that the Bank will be closed on Wednesday 01 February 2023, in view of the public holiday for the Abolition of Slavery.

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.

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:

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

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

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:

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. 

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.