Strategically based in Mauritius and with representation in key markets, AfrAsia Bank Limited serves the Africa-Asia trade corridor, combining its strengths and expertise in four core divisions:
Since inception, the Bank has expanded through a combination of substantial organic growth and a series of strategic acquisitions. Our core activities are in Mauritius, South Africa, and United Kingdom, with marketing capabilities in Singapore, France and Switzerland.
In addition to our anchor Mauritian shareholder, GML, the largest conglomerate in the country, other strong strategic partners include National Bank of Canada (NBC), Intrasia Capital (Singapore) and PROPARCO (subsidiary of the Agence Française de Développement and other major financial institutions).
AfrAsia Bank Limited’s core banking and transactional capabilities are in Mauritius along with bank representative offices in Cape Town, Johannesburg and London, its asset management arm, AfrAsia Capital Management Limited, as well as its corporate and structured finance arm, AfrAsia Corporate Finance (Pty) Ltd.
With its niche focus as well as the unique role of Mauritius as a financial centre, the Bank is continuously leveraging its African footprint and positioning itself as a regional banking force with global reach, streamlining its emerging markets strategy to bridge the Africa-Asia trade and investment corridor and beyond.
|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||5 days|
|Time frame for an offshore company||2-3 weeks|
|Minimum opening deposit||Rs10,000|
|SWIFT / BIC Code||AFBLMUMU|
Bank account opening fee with Novasigma:
|For local (Mauritius) entities||3.900€|
|For foreign/offshore entities||4.900€|
Novasigma offers a bank account opening assistance only for companies incorporated with Novasigma.
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