AfrAsia Bank wins for the third year in a row the Best Bank in Mauritius award

AfrAsia has accomplished yet another milestone. It was named the Best Bank in Mauritius for the third consecutive year at the EMEA Finance’s African Banking Awards held at the Law Society, London on 5 December 2019. This award confirms the Bank's outstanding financial performance, our ability to offer customised products and solutions, consistent focus on improving customer experience and leading the sustainability movement.

EMEA Finance, a specialist in reporting financial and banking development in Europe, Middle East and Africa, rewards the best banks for their overall performance by country and region. These awards recognise the continuing efforts of these financial institutions to push the industry forward with innovative products and services, excelling in investment banking, expanding the number of banked individuals, and giving back to the community through their corporate social responsibility programmes.

Christopher Moore, CEO and publisher of EMEA Finance magazine commented “We are delighted to recognise AfrAsia as our Best Bank in Mauritius in EMEA Finance’s African Banking Awards 2019. Working quickly to become digital in all aspects of its business, the bank hasn’t sacrificed growth or returns to shareholders. The bank registered an impressive 25% plus growth in operating income reaching MUR1.8bn for the six months ending December 2018. For the same period, the bank’s capital adequacy ratio stood at 15.84%.”

“Banking is one of the most mature, competitive and challenging industry. Winning this award is a testament to our commitment to deliver superior value across markets. This recognises the hard work and passion of our people in ensuring that our products and services continue to meet our customer challenging environment. Technology offers a good platform and opportunity to enhance our customer journey but we also have the mindset to change and are constantly focusing on areas to disrupt the market”, said Sanjiv Bhasin, CEO of AfrAsia Bank.

The annual EMEA Finance’s African Banking Awards has strict global eligibility criteria and besides AfrAsia Bank, the winners comprise of reputable banking institutions worldwide including Standard Bank, Absa Corporate and Investment Banking (CIB) and Ecobank amongst others.

EMEA Finance is a bi-monthly magazine focused on the financial markets in Europe, the Middle East and Africa. Since its launch in 2008 the magazine has become a leading source of information for executive-level audience across the financial services and corporate sectors. EMEA Finance is an integrated publishing company focused exclusively on reporting on the financial community and happenings across the EMEA Region.