A Leading Investment Holding Company
Listed on the Stock Exchange of Mauritius, SBM Holdings Ltd boasts a substantial market capitalisation of MUR 215 billion as of January 31, 2017, making it one of the largest listings in Mauritius. The Group operates across banking, non-banking financial services, and non-financial investments, with a strategic presence in Mauritius, Madagascar, India, and a representative office in Myanmar. Additionally, SBM Group holds a banking licence in the Seychelles, poised for further strategic expansion.
SBM Bank (Mauritius) Ltd
Founded in 1973, SBM Bank (Mauritius) Ltd serves as the flagship entity of SBM Group, commanding a robust market share exceeding 25% in domestic advances and deposits. The bank caters comprehensively to Personal, SME, Corporate, Cross Border, and Financial Institutions with a diverse range of tailored products and services. These encompass deposits, lending, trade finance, cards, leasing, treasury, stock broking, custody, asset management, insurance, investment products, and extensive payment services through multiple channels including branches, ATMs, POS, internet, mobile, and call centres.
Regional Expansion and Strategic Focus
SBM Group extends its footprint with strategic initiatives in Africa, India, South-East Asia, Indian Ocean Islands, and Dubai, leveraging its successful model from Mauritius. In India, the Group operates through four branches focusing on corporate clients while also catering to retail clients for deposit products. Similarly, in Madagascar, SBM serves a diverse clientele including Mauritian companies, multinationals, exporters, and local institutional investors with a robust suite of banking services.
Innovation and Risk Management
Driven by a technology transformation programme, SBM enhances customer service and operational efficiency. The Group upholds a stringent risk management framework compliant with Basel II and Basel III standards, ensuring resilience and regulatory adherence across its operations.
Strategic Restructuring
SBM Holdings Ltd underwent strategic restructuring to segregate non-banking from banking activities, fortify capital structure, and sharpen strategic focus. This restructuring underscores SBM’s commitment to sustainable growth and operational excellence, paving the way for future expansion and innovation in the global financial landscape.
Conclusion
SBM Holdings Ltd stands at the forefront of Mauritius’ financial sector, embodying a legacy of excellence and innovation. With a steadfast commitment to customer-centricity, robust governance, and strategic expansion, SBM Group continues to drive economic growth and financial inclusion across its diverse markets.
