BANK OF THE FUTURE
“We listed with a portfolio of US$130 million
and over the last three years we have grown
our portfolio to $540 million, we have grown into Zambia, Kenya and Mauritius and we
are continuing to grow in Mozambique and Morocco,” notes Corbett.
Owned by some 18,000 domestic and international shareholders, with over 500,000 customers, SBM Holdings Ltd is a leading financial holding company In Africa, a continent where the market and listed on the Stock Exchange of Mauritius. Besides Mauritius, SBM Group is present in Madagascar and India, with a representative office in Myanmar, and the macro challenges are often volatile and expanding into the region mainly the Indian Ocean Islands and East Africa. In line with its expansion plans, the Group has recently been granted a banking many, Corbett identified a safeguard in real licence in Seychelles subject to conditions which it has undertaken to fulfil. Its estate investment by concentrating on assets portfolio of services covers banking, non-banking financial services and nonfinancial investments. Innovation, flexibility, accessibility and reliability are at that would attract leases with major firms. the root of the SBM reputation and brand. Established in 1973 as its banking entity in Mauritius, SBM Bank (Mauritius) Multi-nationals and large companies reduce
Ltd is the Group’s flagship. With a domestic market share of over 20%,
the Banklong delivers solutions for its diverse customer base: Consumer, SME, exposure to fluctuating markets through Corporate, International and Financial Institutions.
term leases and insurance of capital.
SBM’s major products and services are: * Global Business & International Banking “Our business strategy from day one was * Investment Solutions to focus on the strength of the underlying * Treasury Services * asset Cross Border Financing counterparty not necessarily on the * E-commerce class. * Trade Finance * Wealth Management
A strong counterparty meant we could sign
To tap the potential of emerging markets, the Group is gearing up for further
good long term leases from an international expansion plans in the East African, Indian and Asian regions, thus further strengthening the existing continental links with Mauritius. or local company whether it was industrial, residential, offices or any other asset class.” In the interim the business plan has developed to incorporate geographical diversity and diversification by sector. It was imperative for Corbett to ensure the fund was not overly exposed to any one country or any country where the economy is propped up by the oil & gas sector. This approach has seen a targeted acquisition strategy of corporate space in Mozambique, retail assets in Zambia hotel and hospitality assets in T: (230) 202 1111 and E: sbm@sbmgroup.mu www.sbmgroup.mu Mauritius.