Bank One Mauritius

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]

Bank One Mauritius
TypePrivate
IndustryFinance and Insurance
PredecessorFirst City Bank
Founded2008 (2008)
HeadquartersPort Louis, Mauritius
Key people
David Proctor (Chairman), Ravneet Chowdhury (Chief Executive Officer)[1]
ProductsBanking
Revenue MUR 721.4 Million (US$22.78 Million)(2014)
MUR 117.1 Million (US$3.70 Million) (2014)
Total assets MUR 18.05 Billion (US$570.22 Million) (2014)
OwnerI&M Holdings Limited (50%)
Number of employees
250 (2016)
Websitewww.bankone.mu/en/

BOM is a large financial services provider in Mauritius. As of December 2012, the bank had total assets valued at approximately US$630.2 million, with shareholders' equity of approximately US$36.84 million.[3]

The banks holds a 5.59% stake in Kenyan bank Oriental Commercial Bank.[4]

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.[5]

Ownership

The stock of the bank is privately owned. The table below depicts the ownership in Bank One Mauritius:

Bank One Mauritius Stock Ownership
RankName of OwnerPercentage Ownership
1I&M Bank Group of Kenya50.00
2CIEL Investments Limited of Mauritius50.00
Total100.00

Branches

BOM maintains networked branches at the following locations:[6]

  1. Main Branch - 16 Sir William Newton Street, Port Louis
  2. Curepipe Branch - Royal Road, Curepipe
  3. Rose Hill Branch - Royal Road, Rose Hill
  4. Rose Belle Branch - Royal Road, Rose Belle
  5. Vacoas Branch - John Kennedy Avenue, Vacoas
  6. Quatre Bornes Branch - St Jean Road, A8, Quatre Bornes, Quatre Bornes
  7. Triolet Branch - Royal Road, Triolet
  8. Mahebourg Branch - Royal Road, Mahebourg
  9. Flacq Branch - Charles de Gaulle Street, Flacq
  10. Chemin Grenier Branch - Royal Road, Chemin Grenier
  11. Rivière du Rempart Branch - Royal Road, Rivière-du-Rempart
  12. Goodlands Branch - Royal Road

See also

References
  1. "Board of Directors of Bank One Mauritius". Archived from the original on 14 December 2014. Retrieved 14 December 2014.
  2. List of Licensed Commercial Banks In Mauritius Archived 8 May 2013 at the Wayback Machine
  3. December 2012 Financial Highlights
  4. "Bank One Mauritius 2014 Annual Report" (PDF). Bank One Mauritius. 31 December 2014. Archived from the original (PDF) on 19 November 2015. Retrieved 19 November 2015.
  5. "History of Bank One Mauritius". Archived from the original on 22 February 2012. Retrieved 7 June 2012.
  6. "Branches of Bank One Mauritius". Archived from the original on 3 April 2012. Retrieved 7 June 2012.


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