Operational since 2007, AfrAsia Bank’s ambition to become a leading regional bank is being recognized. $89.24 million USD. The Corporate Social Responsibility ('CSR') was legislated by the Government of Mauritius in July 2009. ln terms of Section 166 (d) of the Mauritius Companies Act 2001, we certify that to the best of our knowledge and belief, AfrAsia Bank Limited (the "Bank"), has filed with the Registrar of Companies all such returns as are required of the Bank under the Mauritius Companies Act 2001 for the year ended 30 June 2019. He also worked for Deutsche Bank (Mauritius) where he headed the fiduciary services division. AfrasiaBank - Online Annual Report 2019. Username/ Nom d'utilisateur/ 上行登 * Password/ Mot de passe/ 行登 READ MORE > IMPORTANT COMMUNIQUE > The shares are callable, at the option of the issuer, six years after the issue date (30 June 2014), with the prior approval of the Bank of Mauritius. The latest quarterly financial updates from AfrAsia Bank Ltd. are available for download below. ... Unlock complete financial statements. Copies of the unaudited interim financial statements (which can also be viewed on the Bank's website www.afrasiabank.com) are available free of charge at the registered office of the Bank, Bowen Square, 10, Dr Ferrière Street, Port Louis, Mauritius. Download. The notes on pages 169 to 267 form an integral part of these financial statements.Auditor’s report on pages 155 to 161. We have audited the consolidated and separate financial statements of AfrAsia Bank Limited (the"Bank" and the"Public Interest Entity") and its subsidiaries (the "Group") set out on pages 6 to 120, which comprise the consolidated and separate statements of financial position as at 30 June 2019, and the consolidated and separate statements of profit or loss and other comprehensive income, consolidated and separate statements of changes in equity and consolidated and separate statements of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies,In our opinion, the accompanying consolidated and separate financial statements give a true and fair view of the financial position of the Group and the Bank as at 30 lune 2019, and of their consolidated and separate financial performance and consolidated and separate cash flows for the year then ended in accordance with International Financial Reporting Standards (iFRSs), and comply with the requirements of the Mauritius Companies Act 2001, the Financial Reporting Act 2004 and the Banking Act 2004. AfrAsia Bank Limited (we, us, our) is committed to safeguarding the privacy of your personal data. AFBLMUMU swift code is the unique bank identifier for AFRASIA BANK LIMITED's head office branch located in PORT LOUIS - MAURITIUS and it's used to verify financial transactions such as a bank wire transfers (international wire transfers). MCB Registry & Securities Ltd. Annual Revenue2019. Innovation. Report on the Financial Statements We have audited the consolidated and separate financial statements of AfrAsia Bank Limited (the “Bank”), which comprise the statements of financial position as at 30 June 2015 and the statements of profit or loss and other comprehensive The consolidated and separate financial statements of the Group's and the Bank's operations in Mauritius presented in this annual report have been prepared by management, who is responsible for their integrity, consistency, objectivity and reliability. Cynthia has over 25 years of experience in the financial services industry, specializing in the investment banking, private equity and asset management sectors. The AfrAsia Bank Africa Wealth Report ... Reasons why wealth per capita is a better measure of financial health than GDP per capita: GDP counts items multiple times (for instance, if someone is paid $100 for a product/service and ... year (2017). Date joined AfrAsia: 03-Jul-08. The Bank has 1 offshore representative office in … AfrAsia Bank Limited and its Group Entities Annual Report 2015 page 213 noteS to the finanCial StatementS for the year ended 30 June 2015 2. ACCOUNTING POLICIES (CONTINUED) 2.5 Summary of significant accounting policies (Continued) (w) Taxes (Continued) ... AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius and the Financial Services Commission. Financial statements CERTIFICATE FROM THE COMPANY SECRETARY ln terms of Section 166 (d) of the Mauritius Companies Act 2001, we certify that to the best of our knowledge and belief, AfrAsia Bank Limited (the "Bank"), has filed with the Registrar of Companies all such returns as are required of the Bank under the Mauritius Companies Act 2001 for the year ended 30 June 2019. Need any help? For more information, please visit our privacy policy and cookie policy. By continuing on this website without changing your settings, you will be providing us with your consent to receive all cookies. AfrAsia Bank Limited and its Group Entities Annual Report 2015 page 178 STATEMENT OF MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING The consolidated and separate financial statements of the Group’s and the Bank’s operations in Mauritius presented in this Annual Report AfrAsia Bank Limited • Bowen Square • 10, Dr Ferrière Street, Port Louis, Mauritius Tel (230) 208 5500 • Fax (230) 213 8850 • afrasia@afrasiabank.com Statement of Financial Position as at 30 September 2020 As at 30 September 2020 Unaudited MUR’000 ASSETS Cash and cash equivalents Due from banks Derivative financial instruments Loans and advances to banks AfrAsia Bank's Annual Reports are available for download below. Abridged Unaudited Interim Financial Statement, Abridged Unaudited Interim Financial Statements, Get the latest news, straight to your inbox. Sustainability. ... “Bank One” or the “Bank”) is a Mauritian bank headquartered in Port Louis, Mauritius. bankone.mu. Go paperless and receive statements by email. 2020. SBM Bank (Mauritius) Ltd - Abridged Interim unaudited condensed financial report for the nine months ended 30 September 2020.pdf. AFRASIA BANK LIMITED is located in Port Louis, Mauritius and is part of the Banks & Credit Unions Industry. In terms of the legislation, the Bank is required to allocate 2% of its chargeable income under Segment A ('Resident') of the preceding financial year to Government-approved CSR projects. Dividends are payable at the discretion of the Board of Directors of AfrAsia Bank Limited and subject to the prior approval of Bank of Mauritius. Annual report 2020 ... Back to Investors View Financials Statements. The financial statements have been approved by the Board of Directors and authorised for issue on 19 September 2019. Yogesh has over 20 years of experience in financial management gained whilst working for International Financial Services Limited (now part of Sanne Group Plc), a leading International Management Company in Mauritius. Become a client. Its registered office is at 10, Dr Ferrière Street, Port Louis, Mauritius. Weare independent of the Group and the Bank in accordance with the lnternational Ethics Standards Boards for Accountants Code of Ethics for Professional Accountants (IESBA code) and we have fulfilled our other ethical responsibilities in accordance with IESBA Code, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. AFBLMUMU XXX - SWIFT Code (BIC) - AFRASIA BANK LIMITED in PORT LOUIS - MAURITIUS. Report on the Financial Statements We have audited the consolidated and separate financial statements of AfrAsia Bank Limited (the “Bank”), which comprise the statements of financial position as at 30 June 2015 and the statements of profit or loss and other comprehensive The latest quarterly financial updates from AfrAsia Bank Ltd. are available for download below ... Abridged Unaudited Interim Financial Statement. Financial Results, Events and Announcements. Communiqué 14 Mar 2021 Important Communiqué – COVID-19. AfrAsia Bank is committed to transparency. Ground floor - Raymond Lamusse Building Sir William Newton Street Port Louis Republic of Mauritius. as of June 2018, the total asset valuation of the bank was approximately US$3.5 billion (MUR 121 billion). Bank of Mauritius Template on Fees, Charges and Commissions, MBA Communiqué - Le "Skimming" - Clonage des Cartes Bancaires & ATMs, MBA Code of Ethics and of Banking Practice, MBA Communiqué - Fraudulent Fund Transfers. Whether you are an investor or other stakeholder, you will find accurate and timely information about our financial performance, governance, capital and dividend information here. ... MAURITIUS; AfrAsia Bank uses cookies to improve your user experience. Expand. The principal activity of the Bank and those of its subsidiaries (together referred to in this report as “the Group”) is the provision of financial services in the Indian Ocean region. Go paperless and receive statements by email. 31 December 2020. Teamwork. AFRASIA BANK LIMITED has 350 employees at this location and generates $89.24 million in sales (USD). Customer Experience. Our responsibilities under those standards are fufther described in the Auditor's Responsibilities for the Audit of the Consolidated and Separate Financial Statementssectionofourreport. Statement of compliance. Strategically based in Mauritius and with representation in South Africa (Cape Town and Johannesburg) and United Kingdom (London), AfrAsia Bank Limited connects Africa, Asia and the World. The consolidated and separate financial statements of the Group and the Bank have been prepared in accordance with International Financial Reporting Standards (‘IFRS’) as issued by the International Accounting Standards Board (‘IASB’) and in compliance with the Mauritius Companies Act 2001, the Guidelines and Guidance Notes issued by the Bank of Mauritius, the Financial Reporting Act 2004 and the Banking Act … AfrAsia Bank uses cookies to improve your user experience. ... AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius and the Financial Services Commission. PRINCIPLE TWO – THE STRUCTURE OF THE BOARD AND ITS COMMITTEES, PRINCIPLE EIGHT – RELATIONS WITH SHAREHOLDERS AND OTHER KEY STAKEHOLDERS, PROFIT OR LOSS AND OTHER COMPRHENSIVE INCOME REVIEW, Statement of Management Responsibility for Financial Reporting. ... the Best bank in Mauritius, thus confirming the Bank’s outstanding financial … As a public company incorporated on 12 January 2007 and holder of a Banking Licence issued on 29 August 2007, AfrAsia Bank Limited remains guided by the principles issued by the Mauritius Financial Reporting Council in its “Guidelines on Compliance with the Code of We have audited the consolidated and separate financial statements of AfrAsia Bank Limited (the “Bank”), which comprise the statements of financial position as at 30 June 2015 and the statements of profi t or loss and other comprehensive income, changes in equity and cash flows for the year then ended, and the notes to the financial statements which include a summary of significant accounting … Check the AFBLMUMUXXX SWIFT / BIC code details below. AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius and the Financial Services Commission. AfrAsia Bank Limited (“the Bank”) is a public company incorporated and domiciled in the Republic of Mauritius. IBL MANAGEMENT LTDCompany SecretaryDate: 19 September 2019. Financial Statements for the year ended 31 December 2019. We understand that the protection of your personal data is an essential requirement for you and that you expect us to handle your personal data according to high standards of privacy and security. ... MAURITIUS; AfrAsia Bank uses cookies to improve your user experience. 1 USD = 35.51136344535753 MUR. AfrAsia Bank Limited (the “Bank” or “AfrAsia Bank” or “ABL” or “AfrAsia”) Integrated Report 2019 is a thorough report that addresses our economic, environmental and social performance for the financial year 2018-2019, as well as our vision and goals. We conducted our audit in accordance with International Standards on Auditing (ISAs). Should you need more information, please call (+230) 202 6060 The Standard Bank of South Africa Ltd, Johannesburg Commerzbank AG, Tokyo External Auditors PricewaterhouseCoopers 18, CyberCity Ebène, Réduit 72201 Mauritius Issuer Financial Services Commission of Mauritius Financial Services Commission of Mauritius Financial Services Commission of Mauritius Financial Services Commission of Mauritius Mauritius was the top performing individual market during both of these periods. Revenue in USD. AfrAsia Bank - Annual Report 2019 - Statement of Management Responsibility for Financial Reporting. Examine, review and challenge the quality and integrity of the financial statements of the Bank, including External Auditor’s report, annual and half-yearly reports, interim reports and any other formal announcement relating to the organisation’s financial performance; ... Its top three investments are IBL Ltd, Hotelest Limited (Hotelest) and AfrAsia Bank Ltd. BMH is listed on the official market of the Stock Exchange of Mauritius. Financial Statements 70-135 TABLE OF CONTENTS Page No 2 3 Page No Bank One Annual Report 2016 www. AfrAsia Bank is a large financial services provider in Mauritius and in the adjacent continental sub-regions of Southern, Central and Eastern Africa. About the Bank. In line with the current lockdown in the country, AfrAsia Bank is making all arrangements to ensure that necessary banking services are made available to you while ensuring that your safety and that of our employees are not compromised. ... SBM Holdings Ltd Audited Financial Statements and Corporate Governance Report For the year ended 31 December 2019 -Financial Report.