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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 24
STRATEGIC INTENT - THE BANK’S CORE BUSINESS SEGMENTS
STRATEGY
OPPORTUNITIES
ACHIEVEMENTS
RISKS
GLOBAL BUSINESS
Geographic client diversification
in more than 121 countries
Presence at conferences and
roadshows to promote Mauritius
and AfrAsia Bank
Working with 164 intermediaries
in Mauritius and 134 based outside
Mauritius
To capture cross-border trade and
investment flows routed via the
Mauritius IFC
To be the reference bank for
intermediaries based in Mauritius
and other reputable IFCs
With Mauritius being the preferred jurisdiction
for cross-border investments, AfrAsia Bank
Limited will capture more of such flows by
working closely with Private Equity advisors,
lawyers, trade financiers, banks and others
Mauritius being ‘blacklisted’ by the OECD/
FATF/G20 countries
Existing Double Taxation Agreement (DTA)
renegotiation and amendments
Other IFCs extending their treaty network with
African countries
Changes in the legal and compliance framework
Country, Currency and Credit Risks
The number of clients increased by 30%
and deposits rose by 33% for this
Financial Year
The Bank was awarded ‘Best Wealth
Management Provider in Mauritius 2014’
and ‘Best Private Bank in Mauritius 2015’
by World Finance and Euromoney
respectively
To position AfrAsia Bank Limited as the
leading private bank for HNWI & UHNWI
locally and in the African region while
expanding its global reach
To craft tailor-made products and services
through the Bank’s open architecture
approach, all adapted to clients’ financial
aspirations
There is a growing number of HNWIs in the
region, including Africa
Tapping emerging middle-class in Africa
The risk aversion of foreign banks in the African
market creates prospects for Private Banks
highly regulated industry
Digitisation and mobile platform
Economic uncertainty prevailing
Political risks
Rapid technological advances resulting
into new competition
New products
Service levels
PRIVATE BANKING & WEALTH MANAGEMENT
RISKS
ACHIEVEMENTS
STRATEGY
OPPORTUNITIES
CORPORATE PROFILE AND STRATEGY (CONTINUED)