What is State Bank of Mauritius? State Bank of Mauritius Review, Features

Established in 1973, the State Bank of Mauritius provides accounts, payment cards, investments, insurance, loans and international banking services to individuals and businesses.

About State Bank of Mauritius

The State Bank of Mauritius (SBM), established in 1973, is a subsidiary of the Mauritius Banking Group, which has 43 networked branches and 35 independent ATMs in Mauritius. SBM has obtained a commercial banking license and, together with its subsidiaries in Kenya, Mauritius, Madagascar and India, is known as the SBM Group. The Group's shares are listed on the Mauritius Stock Exchange and have nearly 17,000 domestic and foreign shareholders. It mainly provides accounts, payment cards, investments, insurance and loans and international banking services to individuals and businesses.

Functions and Services of the State Bank of Mauritius

1. Cash management

Fast transfer of funds locally or abroad (covering over 50 African currencies) in a secure and convenient manner, managed account services - cater to multi-party transactions.

2. Treasury Services

Foreign exchange spot, forwards, swaps and options on Mauritian rupee and foreign currencies, commodity hedging: sugar, gold, oil.

3. Investment solutions

Including short-term and long-term deposits, structured products, financing solutions.

4. Trade finance products

Including bank acceptance bill financing, import loans, asset and project financing, etc.