Established in 1973, SBM is a leading bank in Mauritius and reckoned as a strong banking and financial services franchise, boasting a market share of over 20% in domestic advances and deposits. With subsidiaries in Madagascar and India as well as a representative office in Myanmar, the bank caters for a wide range of customer segments namely Individual, SME, Corporate, International and Financial Institutions. SBM is structured around the following main business lines: Personal Banking, Corporate Banking, Private Banking, SME Banking, International Banking and Treasury.
SBM offers an extensive suite of products and services that encompass deposits, lending, trade finance, cards, leasing, treasury & foreign exchange solutions, stock broking, custody, asset management, insurance and investment products, as well as a wide range of payment services. In addition to its differentiated product offering, the bank serves its clients through its extensive multi-channel facilities and resources, including branches, ATMs, POS, Internet Banking, Mobile and Call Centre to deliver a seamless customer experience.
In India, SBM Group operates four branches, serving mainly corporate customers and a less concentrated portfolio of retail clients. The bank's services include deposit products, lending, treasury and cash & trade transaction services. The group’s subsidiary in Madagascar operates four branches, serving a client base consisting of Mauritian companies performing in Madagascar, large multinationals, exporters, large reputable local companies and institutional investors. The product range comprises advances, deposits and transactions processing as well as Internet Banking services. The representative office in Myanmar acts mostly as a liaison office.
Through its regional expansion strategy in Africa, SBM continues to innovate its products and services to tap into the growing trade, investment and capital flows while simultaneously promoting Mauritius as an International Financial Centre of excellence.