ABC Banking Corporation

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How to open bank account in Mauritius ABC Banking CorporationAbout ABC Banking Corporation

Originally a leasing company, ABC Finance & Leasing Ltd was converted into ABC Banking Corporation Ltd and started operations as a fully-fledged commercial bank on 9th December 2010 at 7 Duke of Edinburgh Avenue, Place d’Armes, Port Louis.

Essentially, ABC Banking Corporation is based on three main pillars: Domestic Banking, International Banking and Treasury Operations. The bank offers a comprehensive range of traditional and innovative products and services to cater for both the local and international market through its dedicated, highly qualified and competent staff and management. It is also equipped with the top Oracle IT System which ensures service accessibility to its valued clients especially through its internet banking services.

In 2014, ABC Banking Corporation won the Best Private Bank award in Mauritius of Euromoney Magazine, in the category of offshore services, for the second consecutive year. This survey is primarily based on a peer ranking methodology and known as one of the leading benchmarks in the global wealth management industry since its establishment.

In 4 years of operations, ABC Banking Corporation has built up a strong reputation through the outstanding quality and the integrity of its services. We have launched new products such as the New Home Loan which falls under the Housing Empowerment Scheme and the new SME and Micro-Entity Loans. We have also developed ABC Optimum+ which is an innovative feature of our product line which is specifically targeted to the middle income group, with the special benefits of an interest-earning account, debit card and cheque book, and free withdrawals at any ATM in Mauritius.

The bank recognises the urgent need for mobilizing savings in Mauritius, the level of which has fallen drastically in recent years. It has thus been very active in this field with periodical billboard campaigns.

In December 2014, the bank moved its operations to the prestigious WEAL HOUSE which is strategically located in the heart of the nation’s financial Capital at Place d’Armes, Port Louis. WEAL HOUSE is thus the Head Office and main branch of ABC Banking Corporation.

Locations: Port Louis, Mauritius

Novasigma’s rating:

  • For locally operating companies: 4/5
  • For global operating companies: 2/5
  • For savings / long term deposits: 4/5
Corporate accounts for a local company Yes
Corporate accounts for an offshore company Yes
Online banking available Yes
Pin calculator available Yes
Debit cards available Yes
Credit cards available Yes
Personal visit required at branch for bank account activation No
Full remote bank account opening with Novasigma Yes
Currencies All major currencies
Term deposit available Yes
Safety deposit boxes available No
Cash deposit services available Yes
Leasing services available Yes
Online trading services available (currencies, stocks, bonds) Yes
Time frame for a local company 1 week
Time frame for an offshore company 2-3 weeks
Minimum opening deposit Rs10,000
SWIFT / BIC Code ABCKMUMU

Bank account opening fee with Novasigma:

ABC Mauritius

For local (Mauritius) entities3.900€
For foreign/offshore entities4.900€

Novasigma offers a bank account opening assistance only for companies incorporated with Novasigma.

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