Image Image Image Image Image Image Image Image Image Image Image Image

AfricaMoney | August 24, 2017

Scroll to top

Top

No Comments

Euromoney Private Banking Survey sees two local banks in top 5 in Mauritius

Euromoney Private Banking Survey sees two local banks in top 5 in Mauritius

The Private Banking and Wealth Management Survey 2015 for the African regional awards saw AfrAsia ranked at the 7th place, whereas the Mauritius Commercial Bank appeared at the 9th position followed by ABC Banking Corporation at the 10th position. (Image: euromoney)

The annual private banking awards given out by UK-based financial publication Euromoney saw two local banks namely Mauritius Commercial Bank and ABC Banking Corporation ranked among the top five best private banking services in Mauritius.

AfrAsia which was ranked 1st under the best private banking services overall category was followed by Mauritius Commercial Bank 2nd ; ABC Banking Corporation 3rd; ‘Banque Des Mascareignes’ 4th ; and at the 5th place HSBC, Investec and State Bank of Mauritius; for its part the Mauritius Post and Cooperative Bank (MPCB) was ranked at the 12th position.

Compare to the previous year AfrAsia has improved from 6th place were last year it was ranked at the 7th place, same for the Mauritius Commercial Bank which has shown a net progress compare to last year where it was ranked 10th and finally ABC Banking Corporation which was 19th last year is ranked 3rd this year.

AfrAsia was ranked 1st under the best private banking services overall category after coming out 1st in 6 categories our of 10, namely: High net-worth clients , Super-affluent clients, Asset management, Investment banking capacities, Research/asset allocation, Succession planning/ trusts .

Mauritius Commercial Bank which came 2nd has excelled in the remaining categories namely: Ultra high net-worth clients, Commercial banking capabilities, Philanthropy/ impact investing and International Clients.

Thus, under the Asset Management category AfrAsia was ranked first , followed by Bramer Bank 2nd , Mauritius Commercial Bank 3rd , ABAX Group 4th, whereas ABC Banking Corporation and LCF Securities Mauritius was ranked 5th.

Still under Asset Management Category State Bank of Mauritius was ranked 8th whereas ‘Banque des Mascareignes’ was ranked 10th.

AfrAsia was once again ranked first under the Investment Banking Capabilities , whereas Mauritius Commercial Bank was ranked at the 2nd place , followed by Standard Bank at the 3rd position, Barclays 4th and finally ABC Banking Corporation and Standard Chartered were equal at the 5th place.

Mauritius Commercial Bank was ranked first under the Commercial Banking Capacities followed at the 2nd place by State Bank of Mauritius; HSBC was for its part ranked at the 3rd position; Bramer Bank 4th; and finally ABC Banking Corporation and AfrAsia were ranked 5th. Furthermore, MPCB was ranked at the 15th position.

Under Research and Asset Allocation advice category AfrAsia was once again ranked 1st followed by Bramer Bank at the 2nd place; Mauritius Commercial Bank and State Bank of Mauritius were equal at the 3rd place; and finally MPCB was ranked 6th.

For the Philanthropy and Social Impact Investing, Mauritius Commercial Bank was ranked 1st followed by AfrAsia 2nd; State Bank of Mauritius 3rd; MPCB 4th and Barclays 5th.

Mauritius Commercial Bank was ranked 1st in the category of International Clients followed in the 2nd place by AfrAsia; Bank of Baroda 3rd; HSBC 4th and equal at the 5th place Deutsche Bank and Standard Bank.

ABC Banking was for its part ranked at the 7th place whereas State Bank of Mauritius was ranked 11th.

Under the Succession Planning Advice Trusts category AfrAsia was ranked first followed in the second place by ABAX Group; IBL was for its part ranked 3rd; Invested 4th and Cim Group 5th.

ABC Banking Corporation was ranked 6th whereas Mauritius Commercial Bank was ranked 10th equal with Standard Chartered and Citadel.

Finally, for the Private Banking and Wealth Management Survey 2015 for the African regional awards, Investec was ranked 1st, followed by Standard Bank 2nd and Barclays 3rd.

AfrAsia was ranked at the 7th place, whereas the Mauritius Commercial Bank appeared at the 9th position followed by ABC Banking Corporation ranked at the 10th position.

Submit a Comment

Directory powered by Business Directory Plugin