Newsroom

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

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.

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. 

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. 

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.

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.

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.

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.

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.