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.
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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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2023Awards
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GLOBAL FINANCE AWARDSBest Bank in Mauritius 2023
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GLOBAL FINANCE FOREIGN EXCHANGE AWARDSBest FX Bank in Mauritius
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EUROMONEY AWARDS FOR EXCELLENCEBest Bank for CSR in MauritiusBest Bank for ESG in Mauritius
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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
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Global Private Banking Innovation AwardsBest Private Bank in Mauritius
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AGF Africa Service Providers AwardsBest Banking & Custody Provider: Global Custodian
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EMEA Finance African Banking AwardsBest Private Bank in Mauritius
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2021Awards
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The Digital Banker/Global Private BankerOutstanding Marketing Campaign in the PandemicBest Private Bank 2021
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AGF Africa Service Providers AwardsBest Banking & Custody Provider: Global Custodian
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EMEA Finance African Banking Awards 2021Best Bank in MauritiusBest Private Bank in Mauritius
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Global Brands MagazineBest Corporate Banking Brand
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2020
- Benefited from a green line of funding under the SUNREF programme
Awards-
CITI BANKStraight-Through processing (STP) Excellence Award
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PwC Corporate Reporting AwardsFinancial Institutions (Integrated Report 2019)
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AGF Africa Service Providers AwardsBest Banking & custody provider: Global Custodian
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PWM/The Banker Global Private Banking AwardsBest Private Bank in Mauritius
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MARCOM AWARDSPlatinum Winner for ‘The Believers’ Campaign
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EMEA FINANCE’S AFRICAN BANKING AWARDSBest Bank in Mauritius
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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” categoryThe Cloud for Millennials Award
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Burj CEO AwardsMost Innovative Bank in Mauritius
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EMEA Finance’s African Banking AwardsBest Bank in Mauritius
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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 MauritiusBest Investment Bank in MauritiusMost Innovative Bank Pan-Africa
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Banker Africa East Africa Banking Awards 2018Best Corporate Bank
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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
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PwC Corporate Reporting Awards (Annual Report 2016)Financial InstitutionsOnline ReportingRisk Management Disclosures - Financial Institutions
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Global Brands MagazineBest Banking Brand in MauritiusMost Innovative Treasury ServicesBest Financial and Investment Solutions ProviderBest Credit Card Rewards Program
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2016
- 148% growth in Net Profit After Tax recorded
- Launch of new DARE culture
Awards-
GLOBAL BRANDS MAGAZINEMost Innovative Treasury ServicesBest Financial and Investment Solutions ProviderBest Credit Card Rewards Program
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BANKER AFRICABest Investment Bank in Mauritius
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AFRICAN EXCELLENCE AWARDS'Sports & Lifestyle' category
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CORPORATE REPORTING AWARDS - PRICEWATERHOUSECOOPERS MAURITIUSFinancial Institutions (Annual Report 2015)
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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
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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)
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EUROMONEYBest Private Bank in Mauritius
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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
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CORPORATE REPORTING AWARDS - PRICEWATERHOUSECOOPERS MAURICEOnline Reporting (Annual Report 2013)Financial Institutions (Annual Report 2013)
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EUROMONEY PRIVATE BANKING SURVEY 2014No. 1 Private Bank for Fixed Income Portfolio Management in MauritiusBest Private Bank for Private Equity Investment in Mauritius
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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)
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AFRICAN BANKER AWARDSBest Bank in Southern Africa
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THE AFRICA REPORTListed among the Top 200 African Banks – 175th in Africa
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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 BANKER2012: Listed among the Top 300 African Banks - 175th in Africa
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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
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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.
