Absa Bank (Mauritius) Limited

ABSA Bank (Mauritius) Limited

Industry	Banking
Predecessor	Barclays Bank Mauritius until 10 February 2020
Founded	1919
Key people	Iqbal Rajahbalee (Chairman) Ravin Dajee (MD) Franco Davis (CFO)
Parent	ABSA Group Limited
Website	www.absabank.mu

ABSA Bank (Mauritius) Limited is a Commercial bank in Mauritius, it is part of Absa Group Limited. Mr Ravin Rao Dajee is currently the Managing Director.^[1]

History

In 1925, National Bank of South Africa was merged with the Anglo-Egyptian Bank and the Colonial Bank in 1925 to form Barclays Bank (Dominion, Colonial and Overseas).^[2] 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.^[3]

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").^[4] On 10 February 2020, the Bank of Mauritius 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.^[5]

See also

• Absa Bank Mauritius Limited
• List of banks in Mauritius
• List of banks in Africa

References

1. Prosper, Johanne (2 March 2020). "Ravin Dajee, directeur général de la banque Absa : " Passer de Barclays à Absa n'est pas seulement un changement de nom "". Le Mauricien (in French). Retrieved 2020-03-18.
2. Anthony, Michael (2001). Historical Dictionary of Trinidad and Tobago. Scarecrow Press, Inc. Lanham, Md., and London. ISBN 0-8108-3173-2.
3. "Mauritius Newspapers". 2011. Archived from the original on 2011-05-27. Retrieved 2011-09-15.
4. "Barclays in Mauritius". Barclays Bank Mauritius. Archived from the original on 2016-02-15. Retrieved 2016-02-23.
5. "BANKING LICENCE" (PDF). Bank of Mauritius. 10 February 2020. Archived (PDF) from the original on 2020-03-18. Retrieved 18 March 2020.