Since 2015, the Bank has worked on gradually integrating principles of sustainability into its operations. AfrAsia Bank Limited believes in adopting an integrated approach and our strategy takes into consideration Financial, Human, Social & Relationship, Natural, Intellectual and Manufactured capital.
Our goal is to have a strong culture of sustainability permeate every level of the Bank, whether operations, procedures, and design-making. It is, we believe, the real way forward. We continue to rise to the sustainability challenge, the global issue of this century. It is our strong belief that pursuing sustainable practices will also preserve the trust our stakeholders have in us.
Our 2021 Strategy is based on the 4 pillars of Sustainability and further developed into 6 core focus areas.
To identify, evaluate, respond and monitor risks to which the Bank is exposed to and set acceptable risk parameters while upholding sustainable business operations and growth.
To improve stakeholders and management self-assurance in the making of risk informed decisions through a robust risk appetite framework and policies while in observance of regulatory requirements.
The Bank’s risk appetite is defined by a risk appetite framework set by the Board. It aids to emphasize its strong risk culture and helps define thresholds to manage aggregate risks through an acceptable scale.
In line with Bank of Mauritius Guidelines on credit and country risk management, the Board has established a set of policies and procedures in respect of cross-border activities which clearly translate the Bank’s strategic goals and risk parameters.