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AfrAsia Bank Limited and its Group Entities

Annual Report 2015

page 18

CORPORATE PROFILE AND STRATEGY (CONTINUED)

LICENCES

AfrAsia Bank Limited holds a Banking Licence to conduct banking business in Mauritius issued by the Bank of Mauritius under Section 7

of the Banking Act 2004 since 29 August 2007. The Bank and its Group Entities have also been granted the following licences:

LEGAL ENTITY

DOMICILED

REGULATORY OVERSIGHT

AfrAsia Bank Limited

Mauritius (Domestic)

Bank of Mauritius, Financial Services Commission

South African Reserve Bank

AfrAsia Holdings Limited

Mauritius (GBL1)

Bank of Mauritius, Financial Services Commission

AfrAsia Corporate Finance (Pty) Limited

South Africa

South African Reserve Bank, Financial Services Board

(FSB-South Africa)

AfrAsia Corporate Finance (Africa)

Limited

Mauritius (GBL1)

Financial Services Commission

AfrAsia Capital Management Limited

Mauritius (Domestic)

Financial Services Commission

The Bank of Mauritius has also granted the Bank the status of Primary Dealer to deal in government securities.