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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 148
MANAGEMENT DISCUSSION AND ANALYSIS (CONTINUED)
Objectives
AfrAsia Bank Limited has successfully developed its Corporate &
Investment Banking offering across various African markets and the
intention is to keep on delivering this going forward. The key product
offering to its clients come from its Treasury, Transactional Banking
and Corporate Banking divisions.
With the unique role of Mauritius as a financial centre, the Bank
is continuously positioning itself as a regional banking force
by establishing close business ties with a number of banking
institutions in Sub-Saharan Africa. Its aim is to be a one-stop shop
for financial institutions in the region in terms of funding, foreign
exchange, structured solutions and trade finance solutions.
The Bank is one of the key players in Mauritius in terms of cash
and liquidity management for those corporates and individuals
investing in and trading with African countries. Cross-border
payments, Treasury as well as Global Custody services are the main
requirements of international and pan-African investors.
From a Corporate Banking perspective, the Bank will continue
to grow the asset book through selective organic growth and
primary syndications. The Bank remains committed to developing
relationships with regional corporates (in country) and clients using
Mauritius as a unique platform for expansion into Africa. AfrAsia
Bank Limited will also target specific segments going forward where
the Bank believes it can make a meaningful difference, particularly
through the strategic relationship held with National Bank of Canada.
Core initiatives
AfrAsia Bank Limited uses a number of platforms for growing its
presence and acquiring opportunities from African markets.
In terms of Treasury and FI business, the Bank continues to
leverage its Mauritian platform to provide the appropriate solutions
to its institutional clients and continues to invest in knowledgeable
resources to drive the business in the region.
From a product perspective, the Bank’s strategic relationship with
the National Bank of Canada provides the expertise to differentiate
itself from the other players in the continent.
AFRICA STRATEGY
Pursuing our
Africa Stategy
Global Custody
Developing specific segments
through the expertise
of our Strategic Shareholders.
Treasury,
Transactional Banking
and Corporate Banking
Cross-Border
Payments
Financial
Institution
Cash and Liquidity Management