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AfricaMoney | August 20, 2017

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Mauritius’ ABC Banking ranked in top 10 Africa banks for private banking in 2015

Mauritius’ ABC Banking ranked in top 10 Africa banks for private banking in 2015

This institution is one of only three local banks to join the pan-African ranking that clearly demonstrates its significant growth in the international market. (Image: ABC Banking)

Mauritius-based financial services major ABC Banking Corporation continues its breakthrough performance in the world of finance, being ranked among the top 10 banks in Africa for its private banking services, according to the Euromoney Private Banking and Wealth Management Survey 2015.

Moreover, the institution received early this year the distinction of “Best Bank for International Banking Services in Mauritius for 2014” by the Global Banking & Finance Review, a globally recognised financial publication.

And, this is by no means the first time that the bank has stood out for its international services, as it won the Euromoney Award for offshore services for the last two years running.

This international distinction is all the more remarkable, considering that ABC Banking has just entered its fifth year of operations. This institution is one of only three local banks to join the pan-African ranking that clearly demonstrates its significant growth in the international market.

“We are pleased and honoured to receive these prestigious awards because we figure among renowned international banks in the African continent. I am confident that our strategy of diversification and restructuring is bearing fruit,” said Yashod Umanee, General Manager, ABC Banking.

These awards also reinforce the position of Mauritius as an investment platform in Africa.

According to the General Manager, “The international market is on an upturn, allowing new financial institutions like ABC Banking to develop. In addition, the prize we received is the result of the continued dedication and hard work of the staff and the ABC Banking management team. These are real tokens of encouragement for our bank and we plan to continue our breakthrough efforts in the world of finance, both in Mauritius and overseas.”

About ABC Banking:

Founded in 2010, ABC Banking Corporation provides services to individuals and businesses, whether based in Mauritius or overseas. The bank was awarded twice by Euromoney as the “Best Private Bank in Mauritius” in the category of Offshore services. Since 2015, its head office and main branch are based in the WEAL building at the Place d’Armes, Port Louis.

About Global Banking & Finance Review:

London-based Global Banking & Finance Review rewards financial institutions that stand out in their field of specialisation. The awards recognise the achievements, challenges, progress and exciting developments in the world of finance.

About Euromoney:

Euromoney is a globally renowned English publication, specialising in content on financial markets. Each year, it carries out a Private Banking & Wealth Management Survey covering a large network of banks and financial institutions around the world.

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