ABSA Bank (Mauritius) Limited is a Commercial bank in Mauritius, it is part of

Absa Group Limited Absa Group Limited (ABGL; formerly Barclays Africa Group Limited), and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and invest ...

. Mr Ravin Rao Dajee is currently the Managing Director.

History

In 1925,

National Bank of South Africa First National Bank (FNB; af, Eerste Nasionale Bank (ENB)) is one of South Africa's " big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under th ...

was merged with the ''

Anglo-Egyptian Bank The Anglo-Egyptian Bank was a British overseas bank established in 1864. History The founding banks were Agra and Masterman's Bank, La Compagnie Financière Maurice de Cattauï and the General Credit and Finance Co., and the bank incorporated P ...

'' and the '' Colonial Bank'' in 1925 to form

Barclays Bank Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

(Dominion, Colonial and Overseas). This brought the Mauritian operations under Barclays Bank. In 2002, Barclays Bank Mauritius bought Banque Nationale de Paris Intercontinentale (BNPI). This acquisition brought with it six branches to add to Barclays' existing 13 branches. The Bank operated as a branch of Barclays Bank Plc until 1 June 2013 when it was locally incorporated as Barclays Bank Mauritius Limited ("BBML"). On 10 February 2020, the

Bank of Mauritius The Bank of Mauritius (french: Banque de Maurice) is the central bank of the Republic of Mauritius. It was established in September 1967 as the central bank of Mauritius. It was modelled on the Bank of England and was, in effect, set up with th ...

announced the cancelling of Barclays Bank Mauritius Limited's licence and that a new banking licence issued for the company in its new name Absa Bank (Mauritius) Limited.

References

Absa Group Limited {{Africa-bank-stub

History

See also

References