National Commercial Bank Limited, commonly known as NCB, was a financial institution based in

Mauritius Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...

with its head office situated in

Port Louis Port Louis (french: Port-Louis; mfe, label= Mauritian Creole, Polwi or , ) is the capital city of Mauritius. It is mainly located in the Port Louis District, with a small western part in the Black River District. Port Louis is the country's ec ...

. It was one of the commercial banks licensed by 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 ...

, the country's

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and the nation's banking regulator.

History

National Commercial Bank Limited was incorporated on Thursday April 9, 2015 and issued a commercial banking license by the Bank of Mauritius on Friday April 10, 2015. National Commercial Bank acquired the assets and some liabilities of the now defunct

Bramer Banking Corporation Bramer Banking Corporation, commonly known as Bramer Bank, is a financial institution based in Mauritius with its head office is situated at Port Louis and currently under statutory management. It was one of the commercial banks licensed by the ...

. This was after Bramer Banking Corporation's banking license was revoked by the Bank of Mauritius following a liquidity crisis at the bank. The transfer of bank accounts and operations of the former Bramer Banking Corporation to NCB was held on Saturday April 11, 2015. On Monday January 4, 2016, NCB was merged into state-owned Mauritius Post and Cooperative Bank to form Mauritius Bank (MauBank). The newly formed bank received a banking licence on the same day.

Ownership

National Commercial Bank was wholly owned by the

Government of Mauritius The Government of Mauritius () is the main authority of the executive power in the Republic of Mauritius. The head of the Government is the Prime Minister of Mauritius, who manages the main agenda of the Government and direct the ministers. The 2 ...

Leadership

The directors of National Commercial Bank were: * Mr. Said Lalloo - (Chairman), appointed on April 9, 2015. * Mr. Pravin Cumlajee (Director), appointed on April 9, 2015. * Mr. Youk Siane Yip Wang Wing (Director), appointed on April 6, 2015. * Mr. Anoop Nilamber (Director), appointed on April 6, 2015. * Mr. Ram Prakash Nowbuth (Director), appointed on April 6, 2015. * Mr. Nayen Koomar Ballah (Director), appointed on April 6, 2015. * Mr. Louis Mario Hennequin (Director), appointed on April 8, 2015. * Mr. Ashraf Esmael (Director), appointed on April 9, 2015.

References

Banks of Mauritius Companies listed on the Stock Exchange of Mauritius Companies based in Port Louis Banks established in 2015 2015 establishments in Mauritius {{Africa-bank-stub

History

Ownership

Leadership

See also

References