Banks are financial institutions licensed to receive deposits and make loans. There are several types of banks including retail, commercial, and investment banks. In most countries, banks are regulated by the national government or central bank.
How Many Banks Are There In Mauritius
Banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities
BELOW ARE SOME OF THE BANKS IN MAURITIUS:
MAURITIUS BANKS
A. Bank of Mauritius
B. ABC Banking Corporation Ltd
C. Absa Bank (Mauritius) Limited
D. AfrAsia Bank Limited
E. Bank of Baroda
F. Bank One Limited
G. BCP Bank (Mauritius) Ltd
H. Habib Bank Limited
I. HSBC Bank (Mauritius) Limited
J. Investec Bank (Mauritius) Ltd
K. MauBank Ltd
L. SBI (Mauritius) Limited
M. Silver Bank Limited
N. Standard Bank (Mauritius) Limited
O. Standard Chartered Bank (Mauritius) Ltd
P. SBM Bank (Mauritius) Ltd
Q. The Hongkong and Shanghai Banking Corporation Limited
R. The Mauritius Commercial Bank Ltd
S. BANK OF CHINA (MAURITIUS) LIMITED
MAURITIUS LEASING COMPANIES
1. Cim Finance Ltd
2. Dölberg Asset Finance Limited (Under Receivership)
3. Expert Leasing Ltd
4. La Prudence Leasing Finance Co. Ltd
5. MCB Leasing Limited
6. SICOM Financial Services Ltd
7. SPICE Finance Ltd
8. Tshusho Capital (Mauritius) Limited
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MAURITIUS INSURANCE COMPANIES
A. Afri Life Insurance Ltd
B. Indian Ocean General Assurance Co Ltd
C. Island Life Assurance Co Ltd
D. LAMCO International Insurance Ltd
E. Mauritius Union Assurance Co Ltd
F. MUA Life Ltd
G. National Insurance Co Ltd
H. State Insurance Company of Mauritius Ltd (SICOM)
I. Swan Life Ltd
MAURITIUS MICROFINANCE COMPANIES
- MCB Microfinance Ltd
OTHER PARTICIPANTS
1. Development Bank of Mauritius Ltd
2. Employees Welfare Fund
3. Industrial Finance Corporation of Mauritius Ltd
4. J Kalachand & Co Ltd
5. Mauritius Housing Company Ltd
6. NanoSAIO Ltd
7. National Housing Development Co Ltd
8. Rogers Capital Finance Ltd
9. The Mauritius Civil Service Mutual Aid Association Ltd
What is the largest bank in Mauritius?
Mauritius Commercial Bank, founded in 1838, is the oldest and largest banking institution in Mauritius.
How many banks are in Mauritius?
19 banks
The Mauritian banking industry comprises 19 banks, of which 5 local banks, 12 foreign banks-predominantly subsidiaries and a few branches, 1 is a joint venture, and 1 is licensed as a private bank. All the banks are licensed by the Bank of Mauritius to carry out banking business locally and internationally.
Which bank is state-owned in Mauritius?
State Bank of Mauritius (SBM), is a bank in Mauritius that the Bank of Mauritius, the national banking regulator, has licensed as a commercial bank.