Incorporated in Mauritius, AfrAsia Bank Limited serves the Africa-Asia trade and investment corridor. The institution has a meaningful presence in:

  • Corporate and Investment Banking
  • Global Business Banking
  • Private Banking and Personal Banking
  • Treasury and Markets

The Bank is headquartered in Mauritius with Representative Offices in Johannesburg and Cape Town. The Bank has a presence in the Asset management business via AfrAsia Capital Management Limited.

In addition to its anchor Mauritian shareholder IBL Ltd, the largest conglomerate on the Island, other strong strategic stakeholders include National Bank of Canada (6th largest bank in Canada) and Intrasia Capital (Singapore).

Corporate and Investment Banking, Treasury and Markets

AfrAsia Bank has developed innovative, flexible and attractive solutions to finance working capital and trade finance requirements as well as project finance. Investment Banking Solutions are also offered to corporate clients and the Bank’s expertise includes Debt Capital Market, Structured Trade Finance and Debt and Equity Arrangement. The Bank opens up new avenues for clients in terms of Equity raising, Mergers and Acquisitions opportunities and Advisory services.

AfrAsia Bank provides a wide range of cash management solutions that will suit specific requirements including:

  • Treasury products such as FX swaps, options and other derivatives.
  •  Multi-currency accounts in MUR, G7 currencies and selective African and  Exotic Currencies.
  •  Placements and fixed deposits at very attractive interest rates.
  •  International payments via a reliable network of correspondent banks.

Private Banking and Personal Banking

The Bank’s experienced team of Relationship Managers and Private Bankers provides individuals with expert financial advice, innovative banking products and private banking solutions at every stage of their wealth development. 

Their range of products includes:

  • Enhanced Savings and Deposit Packages in many currencies.
  • Flexible Loans Solutions available in different foreign currencies.
  • Complementary secured transactional Internet Banking.
  • Tailored investment solutions with AfrAsia Capital Management.
  • Top of the range AfrAsia World MasterCard® credit card in MUR, USD and EUR with exclusive benefits.
  • Pioneering rewards programme, XtraMiles, linked to 900 airlines and 250,000 hotels worldwide.
  • Global Custody Services providing a single point of access to the world’s financial markets.

Moreover, its asset management arm, AfrAsia Capital Management, in partnership with niche fund houses, delivers a tailored range of innovative investment products.

Global Business Banking

AfrAsia Bank delivers customised services for entities under the Mauritius International Financial Services Centre as well as for structures in other international jurisdictions. It has cross-border capabilities to deliver tailor-made solutions with tangible benefits in an environment of trust. The 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.

Global Business Banking solutions include:

  • Transactional and payment services, bulk payments.
  • Cash and liquidity management, placement and FX solutions.
  • Global Custody services.
  • Escrow services.
  • Free, secured and fully transactional Internet banking, with SWIFT copies available online.
  • FCY Credit Cards and Prepaid Cards.