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Year: 2021

08 Sep 21

Bonnie Qiu: “FX deposits remained stable despite Covid-19 crisis”

Cover Story: In spite of the crisis, the banking sector has remained resilient, states the CEO of HSBC and Chairperson of the Mauritius Bankers Association. For instance, as at end of March 2021, banks’ capital adequacy ratio stood at 18.7%, comfortably above the regulatory minimum 11.9%. Similarly, the quality of…
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Port Louis View
01 Sep 21

MBA August Newsletter

Capital Economics Report: On 30 August 2021, a report by Capital Economics on the contribution of Mauritian investments into Africa was released. Key findings of the report include that investments from Mauritius account for US$82bn (9% of Foreign Direction Investment into Africa), generate US$6bn annually in tax revenue for African…
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MBA Website Photos
31 Jul 21

MBA July Newsletter

At its June 2021 Plenary, the Financial Action Task Force (FATF) made “the initial determination that Mauritius has substantially completed its Action Plan and warrants an on-site assessment to verify that the implementation of Mauritius’s AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains…
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FX Global Code Artwork
19 Jul 21

FX Global Code Public Register for Mauritius hosted by MBA goes live

On Thursday 15 July 2021, the FX Global Code Participating Public Register for Mauritius, which is hosted by the Mauritius Bankers Association Limited (MBA), was admitted to the Global Index of Public Registers. Established by the Global Foreign Exchange Committee (GFXC), the Global Index is the official list of banks…
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covid vaccine
15 Jul 21

Services essentiels: 5,000 employés du secteur bancaire vaccinés

Des 6,000 personnes qu’emploie le secteur bancaire, 5,000 d’entre elles ont obtenu au minimum une première dose de vaccin contre la Covid-19, ce au 30 juin. Ce programme de coordination d’inoculation a été rendu possible grâce à une collaboration de Business Mauritius avec le ministère de la Santé et l’Economic…
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AGM
30 Jun 21

MBA June Newsletter

On Wednesday 21 April 2021, the Mauritius Bankers’ Association Limited (MBA) met with the Minister of Finance, Economic Development and Planning, in the context of the pre-Budget Consultation exercise, and presented our 2021 Budget Memorandum. The theme for the MBA’s 2021 Budget Memorandum is Preserving Investor Confidence and Boosting Growth.
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MBA Port Louis
25 Jun 21

FATF On-site Inspection to Mauritius

The Financial Action Task Force (FATF) has, on 25 June 2021, announced that it has, at its June 2021 Plenary session, held from 21 June to 25 June 2021, approved an on-site inspection to Mauritius.
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MBA personal budget
31 May 21

MBA May Newsletter

On Wednesday 21 April 2021, the Mauritius Bankers’ Association Limited (MBA) met with the Minister of Finance, Economic Development and Planning, in the context of the pre-Budget Consultation exercise, and presented our 2021 Budget Memorandum. The theme for the MBA’s 2021 Budget Memorandum is Preserving Investor Confidence and Boosting Growth.
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