With branches located all over the island and a Change Counter at the airport, Banque des Mascareignes provides a whole array of tailor-made banking products and services to individuals, corporate customers and small or medium enterprises as well as to Financial Institutions and Non-Banking Financial Institutions.
Banque des Mascareignes is ultimately a wholly-owned subsidiary of Groupe BPCE, the 2nd largest banking group in France with over 36 million customers. The bank also operates a subsidiary in Madagascar with three branches.
The bank’s products and services are designed to meet its customers’ needs and dedicated business units have been set up for each customer segment, namely Retail and SME Banking, International and Global Business Banking, Corporate Banking and Treasury services focusing on dedicated and personalized relationship management.
Through its international network, its customers have access to Natixis, the group investment banking arm, which assists it in structured trade finance and project finance as well as in derivatives products offering to mitigate their interest rate and/or currency risks. The group’s private banking and wealth management products suite is made available through Banque 1818.
The bank provides call and current accounts in MUR and in all major foreign currencies, with “sweeping” facilities to optimize return. Fixed deposit accounts offer attractive interest rates for tenors ranging from 1 week to over 5 years. Banque des Mascareignes offers credit facilities ranging from working capital facilities to medium-long term financing in MUR and major foreign currencies, encompassing trade finance and structured finance to its, corporate and international banking clients.
Over and above its global reach through its international network, Banque des Mascareignes also accompanies its customers in the region, thanks to its active synergies with its sister-banks, Banque de la Reunion in Reunion Island and BMOI in Madagascar.
The bank’s “Client Management”, “Payment Methods” and “International Services” are ISO certified.
