State Bank of Mauritius Limited Overview and Operations

The State Bank of Mauritius Limited is a leading bank in Mauritius, with a rich history dating back to 1973. It was established by an Act of Parliament.

The bank's headquarters is located in Port Louis, the capital city of Mauritius. The State Bank of Mauritius Limited has a strong presence in the country, with a network of branches and ATMs across the island.

The bank's mission is to provide innovative financial solutions to its customers, while maintaining a strong commitment to corporate governance and risk management. Its vision is to become a leading financial institution in the region.

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The State Bank of Mauritius Limited has a robust operations system in place.

The bank has a network of over 30 branches across the country, providing convenient access to its services for customers.

These branches are supported by a team of experienced professionals who work tirelessly to ensure that customers receive the best possible service.

The bank's operations are also backed by a state-of-the-art IT system, which enables it to provide a wide range of digital banking services to its customers.

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The bank has a significant presence in several locations, with a total of 43 networked branches and 35 freestanding automated teller machines in Mauritius.

The bank's international presence is also notable, with locations in Mumbai, Nairobi, and Antananarivo. You can find the bank's State Bank Tower branch at 1, Queen Elizabeth II Avenue in Port Louis, MU.

The bank's Mumbai location is at the Free Press Journal Marg, 1st Floor Raheja Centre, Nariman Point, Mumbai, Maharashtra 400021, IN. If you're visiting, you can get directions from the bank's website.

In Nairobi, you can find the bank's Kimathi Street branch at the IPS Building. The address is Nairobi, Nairobi 34886-00100, KE, and you can also get directions from the bank's website.

Here are the bank's locations:

Sales by Geography is a crucial aspect of State Bank of Mauritius Ltd.'s operations. The bank has a significant presence in Mauritius and other countries.

In Mauritius, the bank's sales have been steadily increasing, from 589.51Cr in 2019 to 1.19TCr in 2023. This growth is a testament to the bank's strong foothold in the local market.

The bank's sales in other countries have also seen a notable increase, from 462.66Cr in 2019 to 856.02Cr in 2023. This expansion into new markets has helped the bank diversify its revenue streams.

Here's a breakdown of the bank's sales by geography:

The bank's sales in Mauritius have more than doubled in the past four years, while sales in other countries have shown a more moderate growth.

The sector is a crucial aspect of operations, and it's essential to understand the different categories that fall under it. Financials is a key sector that encompasses various sub-sectors.

Banking & Investment Services is a significant part of the Financials sector, and it's where banking services come into play. Banking Services are a vital component of this sub-sector.

Banks are the primary institutions that provide banking services, and there are various types of banks. Other Banks are a subset of banks that offer specialized services.

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Here's a breakdown of the Financials sector:

The State Bank of Mauritius Limited has a robust management structure in place to ensure the smooth operation of the bank.

The bank is led by a Chairman of the Board of Directors, who oversees the overall strategy and direction of the bank.

The Board of Directors is responsible for making key decisions and providing guidance to the management team.

The bank's management team is headed by a Managing Director, who is responsible for the day-to-day operations of the bank.

The Managing Director is supported by a team of senior executives who oversee various aspects of the bank's operations, including risk management, finance, and human resources.

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The Executive Committee at State Bank of Mauritius Ltd. is led by Raoul Claude Nicolas Gufflet, who has been in the role since March 5, 2021. He's 56 years old and serves as the Chief Executive Officer.

The committee also includes Sivakrisna Goinden, who is the Director of Finance/CFO, but unfortunately, we don't have information about his age or the date he joined the bank.

The committee's Compliance Officer is Ahmad Koussa, but his age and the date he started are unknown.

Anoop Kumar Nilamber is the Chief Investment Officer, but we don't have any information about his age or how long he's been in the role.

Jaswant Rao Balloo is the Chief Tech/Sci/R&D Officer, but his age and the date he started are also unknown.

Here is a list of the Executive Committee members with their titles:

The Board of Directors at State Bank of Mauritius Ltd. is a diverse group of individuals with varying levels of experience.

Abdul Sattar Hajee Abdoula serves as the Chairman, a position he has held since March 11, 2020, at the age of 66.

The Board has a mix of older and younger members, with some ages not specified.

As of November 28, 2022, Raoul Claude Nicolas Gufflet is the youngest member of the Board, at the age of 56.

Here is a list of the Board Members, including their titles and ages:

The State Bank of Mauritius Limited has a strong financial foundation. It was listed on the Stock Exchange of Mauritius in 1989.

The bank's market capitalization has consistently grown over the years, reaching a peak of Rs 23.8 billion in 2019.

The bank's total assets stood at Rs 223.8 billion as of 2020. This is a significant increase from Rs 114.6 billion in 2015.

The bank's net profit after tax was Rs 4.4 billion in 2020. This is a notable improvement from Rs 2.3 billion in 2015.

The bank's return on equity (ROE) was 15.6% in 2020. This indicates a healthy financial performance.

The bank's liquidity ratio was 34.6% as of 2020. This meets the regulatory requirements of the Bank of Mauritius.

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The State Bank of Mauritius Limited is a commercial bank that has been operating in Mauritius for over 50 years. It was established in 1973 as a subsidiary of the State Bank of India.

The bank's head office is located in Port Louis, the capital city of Mauritius. The bank has a strong presence in the country, with a network of branches and ATMs across the island.

The State Bank of Mauritius Limited offers a range of financial services to individuals and businesses, including savings accounts, current accounts, credit cards, and loans. Its services are designed to meet the needs of the local market.

The bank's financial performance has been impressive, with a steady increase in profits over the years. In 2020, the bank reported a profit of Rs 2.5 billion, a significant improvement from the previous year.