Bank One Mauritius

Bank One Limited (Mauritius)
Company typePrivate
IndustryFinancial services
PredecessorFirst City Bank
Founded2008 (2008)
HeadquartersPort Louis, Mauritius
Key people
Sandra Martyres (Chairman), Mark Watkinson (Chief Executive Officer)[1]
ProductsBanking
RevenueIncrease MUR 1,317 Million (US$33.4 Million)(2020)
Total assetsIncrease MUR 57.01 Billion (US$1.45 Billion) (2020)
OwnerCIEL Limited (50%) I&M Group Plc (50%)
Number of employees
421 (2020)
Websitewww.bankone.mu/en/

Bank One Mauritius is a full service commercial bank based in Mauritius and jointly owned by CIEL Finance Limited and I&M Group PLC.[2]

The CIEL group owns 75% of CIEL Finance, and Amethis Finance Corporation, which manages investment funds for the African continent, owns the other 25%.[3]

CIEL is one of the largest groups in Mauritius, with operations in 10 countries and 35,000 employees.[4] The group is publicly listed in Mauritius.

I&M has interests in banking, insurance, manufacturing, and real estate and has operations in Kenya, Tanzania, Uganda, Rwanda and Mauritius. The group is listed on the Nairobi Stock Exchange and is one of the oldest publicly owned companies in Kenya.[5]

Bank One has a team of 421 staff[6] and has domestic retail and corporate banking operations and cross border businesses focused on Sub-Saharan Africa, serving the following segments: wealth management, custody, private banking, corporate and financial institutions.

The shareholders of Bank One have interests in banking operations in eight African markets (Kenya, Madagascar, Rwanda, Tanzania, Uganda, Ghana, Ivory Coast and Mauritius) and this provides the Bank with unrivalled access and understanding of business in Sub-Saharan Africa.[7]

Ownership

The stock of the bank is privately owned. The table below depicts the ownership in Bank One Mauritius:

Bank One Mauritius Stock Ownership
Rank Name of Owner Percentage Ownership
1 I&M Group Plc of Kenya 50.00
2 CIEL Investments Limited of Mauritius 50.00
Total 100.00

Branches

BOM maintains networked branches at the following locations:[8]

  1. Main Branch - 16 Sir William Newton Street, Port Louis
  2. Curepipe Branch - Royal Road, Curepipe
  3. Rose Hill Branch - Royal Road, Rose Hill
  4. Rose Belle Branch - Royal Road, Rose Belle
  5. Vacoas Branch - John Kennedy Avenue, Vacoas
  6. Quatre Bornes Branch - St Jean Road, A8, Quatre Bornes, Quatre Bornes
  7. Flacq Branch - Charles de Gaulle Street, Flacq

See also

References

  1. ^ "Board of Directors of Bank One Mauritius". Archived from the original on 14 December 2014. Retrieved 14 December 2014.
  2. ^ "Bank One - Homepage". bankone.mu. Retrieved 6 April 2021.
  3. ^ "CIEL Go Beyond". www.cielgroup.com. Retrieved 6 April 2021.
  4. ^ "CIEL Go Beyond". www.cielgroup.com. Retrieved 6 April 2021.
  5. ^ "I&M Bank - Kenya". www.imbank.com. Retrieved 6 April 2021.
  6. ^ "Bank One - Homepage". bankone.mu. Retrieved 6 April 2021.
  7. ^ "I&M Bank - Kenya". www.imbank.com. Retrieved 6 April 2021.
  8. ^ "Branches of Bank One Mauritius". Archived from the original on 3 April 2012. Retrieved 7 June 2012.
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