The SBM Group is a leading banking and financial services player in Mauritius, and has been contributing to the country’s socio-economic development since inception.
It is actively involved in the Asia-Africa corridor by means of dedicated banking subsidiaries operating in India, Madagascar and Kenya. The Group is committed to creating long term value for its stakeholders by offering bespoke solutions to individual, corporate and institutional clients in the banking and non-banking financial fields in Mauritius and internationally. The Group entities are guided by clear strategic orientations to grow their businesses, while preserving the soundness of their operations.
SBM Group is the third largest listed entity on the Stock Exchange of Mauritius, with a market capitalisation of MUR 13.6 billion as at 31 December 2022. It is the holding company of various subsidiaries that operate under three clusters: Banking, Non-Banking-Financial and Non-Financial.
Ranked 47th in the Top 200 Banks in Africa by The Africa Report 2022, the SBM Group has over 100 branches, with more than 3,100 employees in various geographical locations.
The Core Business Segments
The Banking Cluster offers a full range of distinctive products and services including deposits, lending, cards, treasury, trade finance, wealth management, custody, and payment solutions. The Non-Banking-Financial Cluster (NBFC) provides tailored services including Investment Management, Collective Investment Schemes Funds, Trading and Structuring, Corporate Finance Advisory, Capital Raising, Registry, Fund Administration, Factoring and Insurance Agency. The Non-Financial Cluster caters for other activities of the group such as equity investments.
SBM Group is also engaged in corporate social responsibility endeavours through the SBM Foundation and supports high-impact social development and sustainable projects for the benefit of the needy and vulnerable groups of society. The Group also provides training for capacity building through its SBM Academy.
While gearing up to uphold its financial resilience and operational excellence, the SBM Group is committed to promoting the long-term interests of its shareholders and other stakeholders. Through entities operating in Mauritius and abroad, the key objective is to expand its customer base and strengthen its business growth trajectory, backed by continued investments and a resilient business model.
A Comprehensive Sustainability Agenda
The SBM Group has recently articulated and endorsed a clear and comprehensive Sustainability Agenda. As a responsible and caring organisation, the Group is fully conscious that it is its prime duty to do its best to go beyond financial figures for the benefit of its stakeholders. More details can be found here.