AfrAsia Bank Limited Company Profile and History

AfrAsia Bank Limited is a Mauritian bank that was established in 2012. It was formed through the merger of Bank of Baroda (Mauritius) and Mercantile Bank of India (Mauritius).

AfrAsia Bank Limited is a subsidiary of the AfrAsia Group, which is a diversified conglomerate with interests in various sectors. The bank offers a range of financial services to individuals and businesses.

AfrAsia Bank Limited has a strong presence in the Mauritian market, with a network of branches and ATMs across the island.

AfrAsia Bank Limited's business operations are built on a solid foundation of various business lines.

The bank's Corporate Banking line provides a range of financial services to large corporations and institutions.

Private Banking & Wealth Management caters to the needs of high net worth individuals, offering personalized financial solutions.

The bank's Global Business Banking line serves small and medium-sized businesses, providing them with the necessary financial tools to grow and thrive.

AfrAsia Bank Limited's Treasury & Markets line manages the bank's liquidity and provides market-related services to its clients.

Business Lines play a crucial role in the overall success of a company. They are the backbone of a business, providing the necessary services to support its operations.

Corporate Banking is one of the key business lines, offering financial services to large corporations. It helps them manage their finances, make smart investment decisions, and navigate complex financial transactions.

Private Banking & Wealth Management is another important business line, catering to high net worth individuals and families. It provides personalized financial services, investment advice, and wealth management solutions to help them achieve their financial goals.

Global Business Banking is a business line that focuses on serving small and medium-sized businesses that operate globally. It offers a range of financial services, including cash management, trade finance, and foreign exchange services.

Treasury & Markets is a business line that manages a company's financial risk, provides liquidity, and optimizes its investment portfolio. It involves managing cash, forecasting financial needs, and making informed investment decisions.

The following business lines are typically offered by a company:

AfrAsia Bank Limited has a relatively small workforce, with 392 people employed at the bank.

The bank's staff is likely to be highly skilled and experienced, given the complex nature of banking operations.

AfrAsia Bank Limited's employment numbers are a fraction of those found at larger banks, but the bank's focus on personalized service may make up for the smaller staff.

AfrAsia Bank Limited has a relatively modest annual revenue of $9.3 million in 2025.

The bank's financial performance has been stable in recent years, with a steady revenue stream.

AfrAsia Bank Limited's revenue figure of $9.3 million in 2025 suggests a focused approach to financial management, prioritizing stability over aggressive growth.

Annual revenue is a key performance indicator that measures a company's total income from its business operations over a specific period, typically a year.

AfrAsia Bank Limited, for instance, reported an annual revenue of $9.3 million in 2025.

This figure can give you an idea of a company's financial health and stability.

AfrAsia Bank offers a range of corporate treasury and markets services that cater to the specific needs of its clients.

Their team provides innovative solutions for financing working capital and trade finance requirements, as well as project finance. These solutions are designed to be flexible and attractive, making them a great option for businesses looking to manage their finances effectively.

One of the key services offered by AfrAsia Bank is their treasury products, which include FX swaps, options, and other derivatives. These products can help businesses manage their currency risks and optimize their cash flows.

AfrAsia Bank also provides multi-currency accounts in MUR, G7 currencies, and selective African and Exotic Currencies. This allows businesses to hold and manage their funds in various currencies, making it easier to conduct international transactions.

For businesses looking to raise capital, AfrAsia Bank offers debt capital market services, structured trade finance, and debt and equity arrangement. These services can help businesses access the capital they need to grow and expand their operations.

Here are some of the cash management solutions offered by AfrAsia Bank:

By providing these services, AfrAsia Bank is able to help its clients manage their finances effectively and achieve their business goals.

AfrAsia Bank Limited offers a wide range of banking services to cater to its diverse customer base.

The bank provides current accounts, savings accounts, and fixed deposit accounts to help individuals manage their finances effectively.

AfrAsia Bank Limited also offers a variety of credit facilities, including personal loans and credit cards, to meet the financial needs of its customers.

Its credit cards come with rewards and cashback options, making it a popular choice among cardholders.

The bank's online banking platform allows customers to access their accounts, pay bills, and transfer funds securely and conveniently.

AfrAsia Bank Limited's customer service team is available to assist with any queries or concerns customers may have.

AfrAsia Bank Limited has been actively involved in strategic acquisitions and partnerships to expand its reach and services. The bank's acquisition of the Mauritius operations of Bank of Baroda in 2013 marked a significant milestone in its growth.

This acquisition brought in a large customer base and a strong network of branches, allowing AfrAsia to strengthen its position in the Mauritian market. The bank has also partnered with various organizations to offer specialized services to its clients.

Through these partnerships, AfrAsia Bank Limited has been able to offer a wider range of financial solutions to its customers, including investment banking and asset management services.

AfrAsia Bank has a diverse group of investors from around the world. This mix of local and international private institutional investors brings a unique perspective and expertise to the bank.

The bank's largest shareholder is IBL, a Mauritian conglomerate that holds a significant stake in the company. This significant investment is a testament to the bank's strong reputation and growth potential.

National Bank of Canada and Intrasia Group are also major stakeholders, holding the second and third positions respectively. Their involvement adds to the bank's international reach and expertise.

Here's a breakdown of the bank's ownership structure:

Access Bank (UK) Limited has entered into a binding agreement to acquire a majority equity stake in AfrAsia Bank Limited, the Republic of Mauritius' third largest bank by total assets.

Mauritius contributes 13.4 per cent to its Gross Domestic Product with a robust financial services sector.

The acquisition represents a transformational step forward for Access UK and the overall Access Holdings' banking franchise.

AfrAsia Bank recorded Total Assets of more than US$5.7 billion and Net Profit After Tax of US$152.4 million at the end of its fiscal year ended June 30, 2024.

Mauritius offers immense potential as an international financial hub, and through AfrAsia Bank, Access Bank aims to unlock new opportunities to drive trade, support businesses, and foster economic inclusion across the region.

Jamie Simmonds, managing director of the Access Bank UK, sees AfrAsia Bank as a sustainable platform to scale and achieve long-term profitability.

The acquisition aligns with Access Bank's strategy to diversify and future-proof its earnings, and offer bespoke solutions enabling clients to access global markets with ease.

At AfrAsia Bank Limited, wealth management is a top priority. Their experienced team of Relationship Managers and Private Bankers provides expert financial advice and innovative banking solutions at every stage of an individual's wealth development.

Their range of products includes Enhanced Savings and Deposit Packages in many currencies, Flexible Loans Solutions available in different foreign currencies, and Complementary secured transactional Internet Banking.

AfrAsia Bank Limited also offers tailored investment solutions with AfrAsia Capital Management. This partnership delivers a tailored range of innovative investment products.

Their asset management arm, AfrAsia Capital Management, provides a single point of access to the world's financial markets through Global Custody Services.

Here are some of the key features of AfrAsia Bank Limited's wealth management services:

AfrAsia Bank Limited has a significant global presence, with a presence in several key financial centers.

The bank has established a presence in the Middle East and Africa, with a focus on Mauritius, India, and South Africa.

AfrAsia Bank Limited has also expanded its operations to other parts of the world, including Europe and Asia.

The bank's global presence is truly impressive, and one aspect that stands out is its extensive network of branches. Its headquarters and main branch are located in the Mauritius International Financial Centre, specifically at 10 Dr. Ferriere Street, in Port Louis, the capital and largest city in Mauritius.

The bank has a significant presence in Mauritius, with a main branch in Port Louis and another branch located at NeXTeracom, Ebene. This shows the bank's commitment to serving the local community.

One of the bank's international branches is located in Johannesburg, a major city in South Africa, where it maintains a representative office.

AfrAsia Bank has a strong presence in the global business scene, particularly in Mauritius. The bank delivers customized services for entities under the Mauritius International Financial Services Centre.

It has cross-border capabilities to deliver tailor-made solutions with tangible benefits in an environment of trust. AfrAsia Bank is also a passionate partner in helping private and corporate clients benefit from Mauritius' network of Double Taxation Agreements (DTAs) and its membership of SADC and COMESA.

The bank offers a range of Global Business Banking solutions, including transactional and payment services, bulk payments, cash and liquidity management, and placement and FX solutions. These services are designed to provide clients with tangible benefits in a trusted environment.

Some of the specific Global Business Banking solutions offered by AfrAsia Bank include: