ADOPTING

Our “Responsible Bank 2020” goals integrate sustainability principles, such as the triple bottom-line thinking (People, Planet, and Profit), starting with our employees and clients, extending to our stakeholders and trickling down into our communities.

ABOUT AFRASIA BANK LIMITED

OUR LOCATION

AfrAsia Bank Limited (“AfrAsia”, the “Bank”), is headquartered in Port Louis, Mauritius, in a historic building dating back to 1879, and listed as a National Heritage site. The Bank also has a branch in Ebène, the island’s Cybercity, further strengthening its presence in Mauritius. Additionally, our representative office in Johannesburg, South Africa, provides Customer Service to our regional and international clients. These strategic office locations serve to bridge Africa and Asia, the two fastest growing emerging markets.

AFRASIA IN NUMBERS

NUMBER OF
EMPLYOEES

368

NET OPERATING
INCOME

 MUR 1.8BN

VOLUNTEERING
HOURS

478

AFRASIA
KIDS

30

CLIENTS IN

140
COUNTRIES

TOTAL
ASSETS

 MUR 120bn

TOTAL DEPOSITS
FROM CUSTOMERS

 MUR 111BN

STAFF
TRAINING HOURS

 6,500

 
DIVIDENDS

MUR  300 M

OUR STRATEGIC FOCUS

Our most successful business segment remains our “Global Banking”, which targets institutional investors, multinationals, family offices, and mass affluent customers. This particular segment is at the top of the leadership agenda; we rely on various initiatives, as well as service and product innovation to continue to develop our Global Banking offer. We are currently reviewing the operational structure, tariffs & product offerings of our Private Banking and Wealth Management department to anticipate the demands of our various client segments. In what is a new era of investing, our clients are increasingly seeking a different client experience.

We are currently investing into our operating platform in order to streamline processes and procedures, improving the overall customer experience.

Currently, an exercise is being carried out to gain better insight into our brand positioning in the market, and to identify any gaps. Various strategies and initiatives are being implemented to ensure the Bank’s culture and brand are aligned with our overall vision.
A cultural journey has begun, namely with how we engage with our stakeholders and fine-tune the customer experience. Initiatives such as the attraction and retention of talent, benefits, rewards, recognition, training and internal promotions serve to drive our staffs, and motivate them to deliver, and find their place within the Bank.

To keep pace, stay relevant, and map a clearer path forward, it is essential we embrace digital innovations. The IT Steering Committee is working hand in hand with the Board to drive this transformation at every level of the Bank.

We are committed to addressing the challenge of sustainability, which also presents an opportunity for future growth. We are benchmarking our reporting against the GRI Sustainability Reporting Standards in order to report on financial and non- financial indicators in an accurate and transparent manner.

Our most successful business segment remains our “Global Banking”, which targets institutional investors, multinationals, family offices, and mass affluent customers. This particular segment is at the top of the leadership agenda; we rely on various initiatives, as well as service and product innovation to continue to develop our Global Banking offer. We are currently reviewing the operational structure, tariffs & product offerings of our Private Banking and Wealth Management department to anticipate the demands of our various client segments. In what is a new era of investing, our clients are increasingly seeking a different client experience.

We are currently investing into our operating platform in order to streamline processes and procedures, improving the overall customer experience.

Currently, an exercise is being carried out to gain better insight into our brand positioning in the market, and to identify any gaps. Various strategies and initiatives are being implemented to ensure the Bank’s culture and brand are aligned with our overall vision.
A cultural journey has begun, namely with how we engage with our stakeholders and fine-tune the customer experience. Initiatives such as the attraction and retention of talent, benefits, rewards, recognition, training and internal promotions serve to drive our staffs, and motivate them to deliver, and find their place within the Bank.

To keep pace, stay relevant, and map a clearer path forward, it is essential we embrace digital innovations. The IT Steering Committee is working hand in hand with the Board to drive this transformation at every level of the Bank.

We are committed to addressing the challenge of sustainability, which also presents an opportunity for future growth. We are benchmarking our reporting against the GRI Sustainability Reporting Standards in order to report on financial and non- financial indicators in an accurate and transparent manner.

STRATEGIC SHAREHOLDERS

AfrAsia Bank Limited is backed by three strategic shareholders who provide us with a competitive advantage in our positioning in regional and global markets.

IBL TOGETHER

The Bank’s anchor shareholder, IBL Ltd, is the 1st business group in Mauritius (2018 Top 100 Companies) and employs more than 21,800 employees. IBL Group is active in various economic sectors, namely Agro, Building & Engineering, Commercial, Financial Services, Hospitality, Manufacturing & Processing, Logistics , Properties and Innovation. IBL Group is listed on the Stock Exchange of Mauritius(SEM) since the 14th of July 2016 and on the Stock Exchange of Mauritius Sustainability Index (SEMSI) since September 2017. It also has 6 companies listed on the SEM and 2 companies listed on the SEMSI.

iblgroup.com

National Bank of Canada

Founded in 1859, National Bank of Canada (NBC) is one of the six systemically important banks in Canada. It is an integrated provider of financial services to retail, commercial, corporate, and institutional clients. Headquartered in Montreal, NBC has more than 23,000 employees and 2.5 million individual clients. Clients in the United States, Europe, and other parts of the world are served through a network of representative offices, subsidiaries, and partnerships. National Bank of Canada is listed on the Toronto Stock Exchange (TSX: NA) and its long-term senior debt is rated A+ by Fitch and A by S&P as at July, 2018.

www.nbc.ca

Intrasia Capital Pte Ltd

Intrasia Capital Pte Ltd (Group) is a Singapore established family office and investment holding company. Its operations are managed from Mauritius. Intrasia Group is mainly focused on developing and managing international public and private companies in the corporate and financial services industry, energy and resources, properties and agriculture. In Mauritius, it is the developer of the unique healthy Mighty Rice product and provides corporate structuring and administration services. Its other businesses operate in Australia, Madagascar, Tanzania and Mozambique. The Group is the third largest shareholder of the Bank and provides guidance and support to our international expansion.

intrasiacapital.com

OUR BANK DIFFERENT PHILOSOPHY