4U2K The Mauritian Banking Industry Trends !

Irshad JACKARIA

Did you know that we have at date, in 2015, 23 banks operating in our country?

Amongst 3 specialist banks: Century Banking Corp, which started its operations in Sharia-Compliant Banking on 31st March 2011, Warwyck Banking, which pioneered the exclusive Private Banking segment on 23rd June 2014, in the areas of Private and Wealth Banking, and Banque Privée de Fleury, which started its affairs in Private Banking on 24th April 2015. On the other hand, the conventional banks, which target Mauritian customers, have started to embark on the Private Banking subsector, by creating specialised windows for this niche market. It goes by the name of MCB Select & MCB Private Banking, SBM Private Banking & Wealth Management, Barclays Prestige Banking and HSBC AssetVantage, amongst others.