SBM Holdings Ltd is a financial investment holding company listed on the Stock Exchange of Mauritius, with a market capitalisation of MUR 215 billion as at 31 January 2017, representing the second largest listing in Mauritius. SBM Group is engaged in banking, non-banking financial services and non-financial investments, and is present in Mauritius, Madagascar and India, with a representative office in Myanmar. SBM Group has also been granted a banking licence in the Seychelles, subject to conditions which it has undertaken to fulfil.
The banking entity in Mauritius, namely SBM Bank (Mauritius) Ltd (“SBM” or the “Bank”), is the flagship of the SBM Group. Established in 1973, SBM has a strong franchise in Mauritius, with a market share of over 25% in domestic advances and deposits. It caters for a wide range of customer segments including Personal, SME, Corporate, Cross Border and Financial Institutions.
SBM offers an extensive suite of products and services that encompass deposits, lending, trade finance, cards, leasing, treasury, stock broking, custody, asset management, insurance and investment products, as well as a range of payment services. It also has multi-channel capabilities including branches, ATMs, POS internet, mobile and call centres.
In India, SBM Group operates four branches, serving mainly a corporate client base with a small share of retail segment clients, especially for deposit products. The suite of products and services also includes lending, treasury, cash and trade transaction services. The group’s subsidiary in Madagascar operates four branches, serving a client base consisting of Mauritian companies having operations in Madagascar, large multinationals, exporters, large reputable local companies and institutional investors. The product range comprises advances, deposits and transaction processing,as well as Internet banking services. The representative office in Myanmar acts mostly as a liaison office.
Building on its strengths and success in Mauritius, SBM Group plans to expand targeted geographies in the region, namely in Africa, India and South-East Asia, Indian Ocean Islands and Dubai. It is current building its capabilities in line with its growth ambitions.
SBM’s business operations are supported by sophisticated technology. A major technology transformation programme has recently been implemented to enhance customer service and operational efficiency. SBM has a robust risk management framework and is compliant with Basel ll as well as Basel III.
The SBM Group has been restructured and the new holding company SBM Holdings Ltd has been listed on the Official market of the SEM since October 3, 2014 in the place of SBM. A major objective of the restructuring exercise was to segregate the non-banking activities from banking activities and to ring fence capital, as well as to provide greater strategic focus.
