Mauritius Bankers Association (MBA)Mauritius Bankers Association (MBA)Mauritius Bankers Association (MBA)

Advocacy efforts

Retirement plans

The MBA is also working with the Insurers’ Association, regulators and policy makers to rectify anomalies in relation to Retirement plans and the Portable Retirement Gratuity Fund (PRGF). Several private schemes, which provide employees with a lump sum at retirement, do not currently qualify for an exemption from the PRGF.…
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Committee on the Future of Banking in Mauritius

The MBA has been engaging with the Bank of Mauritius via the high-level Committee on the Future of Banking in Mauritius (CFBM), to pursue the work started in the 2018 Financial Services Blueprint report, and chart out the growth path for the Banking sector in Mauritius. The Committee is currently…
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Quarterly Board meeting

On Monday 26 April 2021, the MBA held its first board meeting of the year was held digitally, under the chairpersonship of Mr. Alain Law Min, CEO of MCB Group. This was an opportunity to welcome newly appointed CEOs (Mr. D. Singh, S. Sharma and Grant Parsons) to the Board…
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Meeting with Ombudsperson

On Thursday 22 April 2021, the Chairperson and CEO of MBA paid a courtesy meeting to Dr. Dan Maraye, the newly-appointed Ombudsperson for Financial Services, to discuss future collaboration. Dr. Maraye is a former Governor of the Bank of Mauritius and has a deep understanding of the banking sector. During…
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Task Force on Banking Sector Resilience

The fourth meeting of the Task Force on Banking Sector Resilience by the Bank of Mauritius was held on 16 April 2021. It is chaired by the Second Deputy Governor of the Central Bank, and comprises CEOs of a number of banks and of the MBA. The task force looks…
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Mansa platform by Afreximbank

On 12 April 2021, the MBA attended a presentation by Afreximbank on the pan-African project known as the Mansa platform. This multilateral initiative is a collection of linked up platforms with economic operator information, to facilitate the due diligence of economic operators, and facilitate cross-border interactions in the context of…
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Covid-19 Vaccination Campaign

Banks are actively participating in the National Vaccination Campaign. The MBA, working in collaboration with Business Mauritius and the Economic Development Board, has coordinated a complex vaccination programme for bank staff, especially frontliners. Vaccine quotas were allocated to each bank in proportion to total Work Access Permits. More than 3,500…
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Trade Financing & the Mauritius-China FTA

On 2 March 2021, the CEO of the MBA, Mr. Daniel Essoo, moderated a panel on Trade Financing and the opportunities opened up by the Mauritius-China Free Trade Agreement (FTA), at a conference organised by the Economic Development Board. The panel comprised Mr. Daniel Lam Chun, Coverage Executive, Franco-Lusophone Africa,…
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Vaccination campaign

As an essential service, bank employees have been requested to work in the frontline during confinement, and Banks have participated in the National Vaccination campaign. The MBA worked through the public holiday week-end to coordinate the vaccination programme for banks with Business Mauritius, the Ministry of Health and the Economic…
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Banks operating in Red Zone

Further to the designation of specific regions as ‘Red Zones’ with access restrictions during the lockdown on 10 March 2021, banks organised themselves within a few days to maintain the provision of ATM services, and open a small number of branches in that area, staffed by employees residing in the…
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