AfrAsia Bank - Annual Report 2015

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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 17
STRATEGIC SHAREHOLDERS
AfrAsia Bank Limited has strong strategic Mauritian and international shareholders to pursue its growth regionally and exceed clients’
expectations.
PROPARCO
Société de Promotion et
de Participation pour la
Coopération Economique
(PROPARCO) is a development
finance institution jointly
held by Agence Française
de Développement (AFD)
and public and private
shareholders from the North
and South. PROPARCO’s
mandate is to foster private
investment in emerging
and developing economies
with the aim of supporting
the growth of companies
and financial institutions
with a major impact on
development. Its operations
span four continents, from
major emerging economies
to the poorest countries,
from politically stable
environments to fragile States.
They cover the financial
sector, infrastructure, mining,
agriculture, manufacturing,
services and microfinance.
PROPARCO strives to
uphold responsible financing
principles in all projects.
Managing environmental and
social risks is a key feature of
its work.
INTRASIA CAPITAL
Intrasia Capital is an
investment, development
and boutique private equity
firm based in Singapore with
additional offices in Mauritius
and Australia. Intrasia Capital
is primarily focused on
investing in and developing
high growth international
public and private companies
in energy and resources, real
estate, financial services and
agricultural sectors.
The Company provides
guidance and support to
the Bank’s international
expansion.
NATIONAL BANK OF
CANADA
Founded in 1859, National
Bank of Canada, the sixth
largest bank in Canada, is
an integrated provider of
financial services to retail,
commercial, corporate and
institutional clients. Its head
office is located in Montreal
and its securities are listed on
the Toronto Stock Exchange
(TSX: NA). It has some 20,000
employees and 2.4m clients
and offers a complete range
of services, including banking
and investment solutions,
securities brokerage,
insurance and wealth
management. Clients in the
United States, Europe and
other parts of the world are
served through a network
of representative offices,
subsidiaries and partnerships.
GML
The Bank’s anchor
shareholder is GML, the
largest conglomerate in
Mauritius. GML exists
since 1939 and is today a
well-diversified Group with
strategic stakes in companies
operating in the main pillars of
the Mauritian economy: sugar,
commerce and industry,
financial services, talent
sourcing, offshore, insurance,
hospitality, real estate and
biotechnology, communication
and innovation. The Group
employs over 13,000
persons with a turnover of
approximately MUR 31bn and
asset size at MUR 49.9bn
in 2014. GML is ranked first
in the Top 100 companies
in Mauritius for the last four
years and third in the Indian
Ocean.