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Thursday, February 27, 2025

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CATEGORY

Banking

Get to know the latest news from the world of banking over here. Read about the latest financial decisions, banking laws and much more.

Banking

Banking Community Rejoices As Mauritius Exits UK High-Risk Third Countries List

Staff -
As predicted by the experts on good governance, once Mauritius is out of the Financial Action Task Force (FATF) list of countries under increased...
Indian Ocean Region

Banks In Seychelles Transitioning Foreign Currency Loans Away From LIBOR

Staff -
The contracts of around 185 clients with foreign exchange loans in Seychelles will be amended as commercial banks transition from LIBOR, one of the...
Banking

Barclays CEO Staley Departs After Epstein Probe

Staff -
Chief Executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex...
Banking

Will The Drop In Foreign Investment Affect Economic Growth?

Staff -
Preliminary gross direct investment flows for the first semester of 2021 were released by the Bank of Mauritius on October 27. The data show...
Banking

Low Repo Rate To Encourage Local And International Investors To Invest In Long-Term Projects

Staff -
The Monetary Policy Committee (MPC) of the Bank of Mauritius (BOM) announced yesterday that it is maintaining the Key Repo Rate (KRR) at 1.85%...
Banking

Taxation Of Trust And Foundation In An Evolving Fiscal Landscape

Mazars -
With pressure mounting from the Organisation for Economic Corporation and Development (“OECD”) and with a view to mitigate the risk of Mauritius being listed...
Banking

Banking Sector: Bank One Launches The Pop Application

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On Wednesday, in Port-Louis, Bank One launched the only universal digital payment solution in Mauritius. Dubbed 'Pop', it is considered a first in the...
Banking

MHC: Senior Smart Loan Range From Rs 50,000 To Rs 1 Million

Staff -
A tailor-made loan for the senior citizens is being offered by Mauritius Housing. The Senior Smart Loan will range from Rs 50,000 to Rs...
Banking

Seychelles’ Banks Must Implement Monetary Policies Or Face Measures

Staff -
The governor of the central bank, Caroline Abel, conveyed that warning to bankers in a press conference on monetary policy decisions for the fourth...
Banking

Bank Of Mauritius MauCAS Aims To Create The Environment For Digital Payments

Staff -
The Mauritius Central Automated Switch (MauCAS) is a novel state-of-the art digital hub fully owned and operated by the Bank of Mauritius for routing...
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