Bank One Mauritius
| Type | Private |
|---|---|
| Industry | Finance and Insurance |
| Founded | 2008 |
| Headquarters |
16 Sir William Newton Street Port Louis, Mauritius |
| Key people |
Sarit Suresh Raja Shah Chairman Raj Dusoye Chief Executive Officer[1] |
| Products | Banking |
| Revenue |
 Pretax:US$7.3 million (2012) |
| Total assets | US$630.2 million (2012) |
| Employees | 250 (2012) |
| Website | Homepage |
Bank One Mauritius (BOM), is a bank in Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the national banking regulator.[2]
Overview
BOM is a large financial services provider in Mauritius. As of December 2012, the bank had total assets valued at approximatelt US$630.2 million, with shareholders' equity of approximately US$36.84 million.[3]
History
Bank One Mauritius was formed in 1997, as First City Bank Limited (FCB), when it acquired the assets of Delphis Bank Limited, a ten-year old financial institution that was in receivership in 2012. In 2008, I&M Bank Group, a Kenya-based financial conglomerate, acquired a 50 percent ownership in First City Bank Limited. FCB then re-branded as Bank One Mauritius.[4]
Ownership
The stock of the bank is privately owned. The table below depicts the ownership in Bank One Mauritius:
| Bank One Mauritius Stock Ownership | ||||||||||||
I&M Bank GroupBy virtue of its shareholding, BOM is a member of I&M Bank Group, a large financial services conglomerate which is a major player in the financial services industry in Eastern Africa, particularly in Kenya where the group maintains its headquarters. As of December 2011, the Group's total assets were valued at about US$1.3 billion (KES:108+ billion), with shareholder's equity of approximately US$174 million (KES:14.6 billion).[5] Member companies of the group include the following businesses:[6]
BranchesBOM maintains networked branches at the following locations:[8]
See also
External linksReferences
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