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AfrAsia Stories

  • Communiqué
    Communiqué - Cyclone Eleanor

    We wish to inform you that the Mauritius Meteorological Services has issued a Cyclone Warning Class 3 at 04h10 (Mauritius, GMT+4) this Thursday 22 February 2024. Our offices will be closed today, 22 February 2024 until further notice.

    22 Feb. 2024
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  • Communiqué
    Communiqué - Normal Business Resumption on Friday 23 February 2024

    We are pleased to announce that following the lifting of all cyclone warnings in Mauritius, we will resume normal business operations on Friday 23 February 2024.

    22 Feb. 2024
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  • News
    AfrAsia Bank delivers robust half-year financial results with a 77% growth in profit to reach MUR 3.5bn
    AfrAsia Bank delivers robust half-year financial results with a 77% growth in profit to reach MUR 3.5bn

    For the six months ended 31 December 2023, the Bank achieved a robust financial performance, reporting a net profit after tax (“NPAT”) of MUR 3.5bn. This marks a notable rise of 77% compared to the same period last year (December 2022: MUR 2.0bn). Net interest income being the strongest driver to the increase in NPAT, rose by 58% to reach MUR 3.5bn for the current period compared to MUR 2.2bn for the same period last year. These performances have been driven by the upward trajectory of the Bank’s interest-bearing assets amidst a prevailing high yield market.

     

     

    20 Feb. 2024
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  • Communiqué
    New Correspondent Bank for international payments in Euro.

    We wish to advise that Société Générale has now been added as a correspondent bank for international payments in Euro (EUR)

    14 Feb. 2024
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  • Communiqué
    Communique - Maintenance on our Card System

    We wish to inform you that in view of enhancing our card system, there will be a planned maintenance on Wednesday 14 February 2024 from 03:00 a.m. to 04:00 a.m. (Mauritius time, GMT+4), during which online debit and credit card transactions might be impacted.

    09 Feb. 2024
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  • Communiqué
    Urgent Communiqué: Bank holiday on Tuesday 23 January 2024

    Please be advised that in response to the declared Bank Holiday due to the evolving weather conditions, all our offices and branches will be closed for business today, 23 January 2024.

     

    23 Jan. 2024
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  • Communiqué
    Communiqué - Public holidays

    We wish to inform you that the Bank will be closed on the following public holidays.

    22 Jan. 2024
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  • Communiqué
    Communiqué - Port Louis Branch is Now Fully Operational again

    We are pleased to announce that our Port Louis branch is now fully operational following the recent heavy rainfall that impacted the area.

    18 Jan. 2024
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  • Communiqué
    Communiqué - Port Louis Branch Temporary Closure

    Effective immediately, our Port Louis branch is temporarily closed due to the heavy rainfall, requiring immediate restoration and safety checks. We prioritise the safety of our staff and customers, and therefore, the branch will remain closed until further notice.

     

    16 Jan. 2024
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  • News
    Oosthuizen goes back-to-back with AfrAsia Bank Mauritius Open win
    Oosthuizen goes back-to-back with AfrAsia Bank Mauritius Open win

    Louis Oosthuizen is a Major champion who has been ranked as high as fourth in the world and has achieved an abundance of accolades in a stellar career. But this one, a victory in the AfrAsia Bank Mauritius Open and with his family there to see him win for the first time in his career and also claim back-to-back title for the first time, is special indeed.

    17 Dec. 2023
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  • Communiqué
    Communiqué Public Holidays & Cut-Off Times

    We wish to inform you of the public holidays and early cut-off times during the festive season 2023-2024.

    15 Dec. 2023
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  • News
    Söderberg cashes in on tricky day at AfrAsia Bank Mauritius Open
    Söderberg cashes in on tricky day at AfrAsia Bank Mauritius Open

    Sweden’s Sebastian Söderberg produced a composed second round of 65 to lead the AfrAsia Bank Mauritius Openby one stroke on a blustery day when La Réserve Golf Links presented an entirely different challenge.

    15 Dec. 2023
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  • News
    In-form Oosthuizen excited for AfrAsia Bank Mauritius Open
    12 Dec. 2023
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  • News
    AfrAsia Bank crowned Bank of Year – Mauritius by Financial Times’ The Banker
    05 Dec. 2023
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  • 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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Contact our PR team
  • Govind Koormadu
    PR Manager
    +230 5257 8737