Bramer Bank wins ‘Fastest growing bank in Mauritius’ award
Ashraf Esmael, Chief Executive Officer, Bramer Bank, said that the bank has twenty branches and the assets of the bank have tripled to Rs 14 billion, while the number of customers is more than 60,000. (Image: Orange)
Mauritius-based financial major Bramer Bank was recognized as the fastest growing bank in Mauritius at the International Finance Awards, held at the Jumeirah Emirates Towers, in Dubai, on Friday, 20 December 2013.
The accolade was awarded to the bank by the International Finance Magazine (IFM). Bramer was evaluated on the basis of growth, sustainability of operations and risk bearing capability as well as asset quality parameters which suggest that it has grown in a sustainable manner.
Ashraf Esmael, Chief Executive Officer, Bramer Bank, said that Bramer Bank has twenty branches and the assets of the bank have tripled to Rs 14 billion, while the number of customers is more than 60,000.
The IFM is located in London, and aims at providing information, analysis and insights for the global finance community. During the IFA, individuals and organization across the world are rewarded for showing innovation and excellent in the sector of the finance.
It is not the first time this year that Bramer Bank has been singled out for a major distinction. The bank was granted the Brand Excellence Award in Banking, Financial Services and Insurance sector for the Global Brand Excellence Awards in India in October 2013.
The Bank started operations in 1989 as the South East Asian Bank (SEAB). The banking entity was acquired by British American Investment in 2008, and became the Bramer Bank.
Bramer Bank merged with Mauritius Leasing, the Mauritian leading asset finance provider, in May 2012.
The group also has operations in countries such as South Africa, Madagascar, Kenya, Dubai, France and Malta,
The group has 40 years of existence in Mauritius and continues to operate in banking, insurance, asset and wealth management, forex, Islamic finance, insurance brokerage, stock-broking and commodity and currency futures broking.