About AfrAsia
Regional banking with global reach
A journey that started with a belief to Bank Different
AfrAsia Bank’s journey started with a single belief to connect people, places and possibilities by doing things others said could not be done. Anchored on this belief, the Bank was founded in 2007 and we are, to date, headquartered in the Mauritius International Financial Centre with a representative office in South Africa.
Specialised in banking that builds bridges between Africa, Asia and the World, the Bank adopts an entrepreneurial approach to tailor flexible financing and investment solutions for our clients. Since inception, our anchor Mauritian shareholder, IBL Ltd – the largest conglomerate on the Island – and our strategic partners, the National Bank of Canada (NBC) and Intrasia Group, have believed in our vision to position the bank as a leading player in the financial sector.
AfrAsia’s experienced team and its regional foundation are complemented by the belief and trust our clients have in our ability to connect them to a global banking network to seamlessly achieve their financial aspirations.
Strategic Shareholders
Our core areas of expertise
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Corporate Banking
Corporate Banking
Commercial and corporate banking solutions, from cash management to M&A.
- Short-term funding
- Term funding
- Structured products
- Transactional banking
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Global Business Banking
Global Business Banking
Products and services that meet the needs of global business companies, trusts, funds and foundations.
- Transactional & payment services
- Cash & liquidity management
- Other products & services
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Private Banking & Wealth Management
Private Banking & Wealth Management
Day-to-day consumer banking and investment solutions.
- Private banking
- Personal banking
- Asset management & custody
- Asset management
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Treasury & Markets
Treasury & Markets
Tailored foreign exchange, interest rate and structured derivative solutions for both the local and regional markets.
- Foreign exchange
- Money markets and fixed income
- Structuring
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RecognitionMilestones and Accolades
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2024Awards
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EUROMONEY PRIVATE BANKING AWARDSBest Domestic Private Bank 2024Best for HNW 2024Best for Investment Research 2024
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Global Finance awardsBest Bank 2024Best FX Bank 2024
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2023Awards
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The Banker, Financial TimesBank of Year – Mauritius 2023
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AGF Africa Service Providers AwardsBest Banking & Custody Provider: Global Custodian 2023
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GLOBAL FINANCE AWARDSBest Bank in Mauritius 2023
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GLOBAL FINANCE FOREIGN EXCHANGE AWARDSBest FX Bank in Mauritius 2023
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EUROMONEY AWARDS FOR EXCELLENCEBest Bank for CSR in Mauritius 2023Best Bank for ESG in Mauritius 2023
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EMEA FinanceBest Private Bank in Mauritius 2023Best Bank in Mauritius 2023
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2022Awards
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Global Finance AwardsBest Bank in Mauritius 2022
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International Banker AwardsBest Private Bank of the Year Mauritius 2022
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Global Private Banking Innovation AwardsBest Private Bank in Mauritius 2022
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AGF Africa Service Providers AwardsBest Banking & Custody Provider: Global Custodian 2022
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EMEA Finance African Banking AwardsBest Private Bank in Mauritius 2022
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2021Awards
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The Digital Banker/Global Private BankerOutstanding Marketing Campaign in the Pandemic 2021Best Private Bank 2021
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AGF Africa Service Providers AwardsBest Banking & Custody Provider: Global Custodian 2021
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EMEA Finance African Banking Awards 2021Best Bank in Mauritius 2021Best Private Bank in Mauritius 2021
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Global Brands MagazineBest Corporate Banking Brand 2021
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2020
- Benefited from a green line of funding under the SUNREF programme
Awards-
CITI BANKStraight-Through processing (STP) Excellence Award 2020
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PwC Corporate Reporting AwardsFinancial Institutions (Integrated Report 2019) 2020
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AGF Africa Service Providers AwardsBest Banking & custody provider: Global Custodian 2020
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PWM/The Banker Global Private Banking AwardsBest Private Bank in Mauritius 2020
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MARCOM AWARDSPlatinum Winner for ‘The Believers’ Campaign 2020
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EMEA FINANCE’S AFRICAN BANKING AWARDSBest Bank in Mauritius 2020
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2019
- The First Mauritian Bank to join the GRI Community
Awards-
Oracle HCM Cloud Rubies Awards 2019“Keep it in the Family” category 2019The Cloud for Millennials Award 2019
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Burj CEO AwardsMost Innovative Bank in Mauritius 2019
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EMEA Finance’s African Banking AwardsBest Bank in Mauritius 2019
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2018
- Instant account opening with a Customer On-boarding App
- First local bank to offer Contactless Technology on all its credit cards
- Launch of the first sustainability summit in Mauritius
Awards-
EMEA Finance’s African Banking Awards 2018The Best Bank in Mauritius 2018Best Investment Bank in Mauritius 2018Most Innovative Bank Pan-Africa 2018
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Banker Africa East Africa Banking Awards 2018Best Corporate Bank 2019
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2017
- Launch of AfrAsia Foundation and AfrAsia School
- AfrAsia Bank accredited by the Bank of Mauritius as a Primary Dealer
- Recorded a Net Profit After Tax of MUR 804.7m (86% year-on-year)
- Pioneered successful deployment of cloud-based financial solutions in Mauritius
Awards-
Awards for 2017 "Banker Africa-East Africa"Best Corporate Bank 2019
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PwC Corporate Reporting Awards (Annual Report 2016)Financial Institutions 2019Online Reporting 2019Risk Management Disclosures - Financial Institutions 2019
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Global Brands MagazineBest Banking Brand in Mauritius 2017Most Innovative Treasury Services 2017Best Financial and Investment Solutions Provider 2017Best Credit Card Rewards Program 2017
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2016
- 148% growth in Net Profit After Tax recorded
- Launch of new DARE culture
Awards-
GLOBAL BRANDS MAGAZINEMost Innovative Treasury Services 2016Best Financial and Investment Solutions Provider 2016Best Credit Card Rewards Program 2016
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BANKER AFRICABest Investment Bank in Mauritius 2016
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AFRICAN EXCELLENCE AWARDS'Sports & Lifestyle' category 2016
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CORPORATE REPORTING AWARDS - PRICEWATERHOUSECOOPERS MAURITIUSFinancial Institutions (Annual Report 2015) 2016
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2015
- Launch of AfrAsia Bank Mauritius Open, the first international tri-sanctioned tournament.
- Launch of VISA Platinum prepaid card in MUR, EUR and USD
Awards-
PWM/ THE BANKERBest Private Bank in Mauritius 2015
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EMEA FINANCE PROJECT AWARDSBest transport infrastructure deal in EMEA (for our support in the Ethiopian Railways Corporation’s rail infrastructure upgrade) 2015
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EUROMONEYBest Private Bank in Mauritius 2015
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2014
- National Bank of Canada, one of Canada’s leading banks, acquires shares in AfrAsia
- Opening of Ebene branch
Awards-
WORLD FINANCEBest Wealth Management Provider in Mauritius 2014
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CORPORATE REPORTING AWARDS - PRICEWATERHOUSECOOPERS MAURICEOnline Reporting (Annual Report 2013) 2014Financial Institutions (Annual Report 2013) 2014
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EUROMONEY PRIVATE BANKING SURVEY 2014No. 1 Private Bank for Fixed Income Portfolio Management in Mauritius 2014Best Private Bank for Private Equity Investment in Mauritius 2014
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2013
- Launch of XtraMiles, Africa’s first banking rewards programme
Awards-
GLOBAL PRIVATE BANKING AWARDS - PRIVATE WEALTH MANAGEMENT / THE BANKERBest Private Bank in Mauritius 2013
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EUROMONEY PRIVATE BANKING SURVEYBest Local Private Bank in Mauritius 2013
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CORPORATE REPORTING AWARDS - PRICEWATERHOUSECOOPERS MAURITIUSOnline Reporting (Annual Report 2012) 2013
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AFRICAN BANKER AWARDSBest Bank in Southern Africa 2013
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THE AFRICA REPORTListed among the Top 200 African Banks – 175th in Africa 2013
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2012 and before
- 2011: Launch of AfrAsia Global Custody Services in association with ABN AMRO Bank and BNP Paribas
- 2010: Opening of Johannesburg representative offices
- 2009: First Mauritian bank to offer Foreign Institution Investor (FII) licenses
- 2007: Launch of AfrAsia Bank Limited
Awards-
CAMEL RATING – BANK OF MAURITIUSHighest Camel Rating 2+ in Mauritius December 2012
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THE BANKERListed among the Top 300 African Banks - 175th in Africa 2012
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EUROMONEY PRIVATE BANKING SURVEYBest Private Bank for the Super Affluent in Mauritius 2012Best Local Private Bank in Mauritius 2012Best Private Bank in Mauritius of 2011
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GLOBAL HR EXCELLENCE AWARDS 2012 - WORLD HRD CONGRESSHR Leadership Award 2012
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CITIBANKQuality Recognition for achieving high Straight Through Processing rate for payments and transfers 2010
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WORLD FINANCEMost Innovative Bank 2008
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Board of Directors
Meet the people responsible for AfrAsia Bank’s governance and strategic direction.
AfrAsia Bank Mauritius Open
A professional golf tournament endorsed by the European, Sunshine and Asian Tours.
