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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 48
As a public company incorporated on 12 January 2007 and holder of a Banking Licence issued on 29 August 2007, AfrAsia Bank Limited
remains guided by the principles issued by the Mauritius Financial Reporting Council in its “Guidelines on Compliance with the Code of
Corporate Governance”, by the Bank of Mauritius in its “Guidelines on Corporate Governance” and by the provisions of the Mauritius
Companies Act 2001.
STATEMENT OF AFFAIRS AND REVIEW OF ACTIVITIES
The main activities of AfrAsia Bank Limited are that of lending and deposit taking for Corporate and Private Clients, Treasury Operations,
Investment Banking and Wealth Management.
SHAREHOLDING STRUCTURE
AfrAsia Bank Limited has a good mix of local and foreign private institutional investors of renowned reputation across various continents,
contributing to a capital base of MUR 4.9bn as at 30 June 2015. The Bank’s aim is to ensure that there is proper and efficient information
dissemination to all of its shareholders and ensuring that the rights of minority shareholders are not neglected. We also highlight that
approximately 3.5% of the Bank’s shareholding structure is held by current staff.
The shareholding structure as at 30 June 2015 was as follows:
CORPORATE GOVERNANCE REPORT (CONTINUED)
GML Investissement Ltée,
24.1%
Companies less than 5%,
21%
Société de Promotion
et de la Participation
pour la Coopération
Economique S.A,
9%
National Bank of Canada,
17.5%
Mon Loisir Ltée,
5.2%
Belle Mare Holding Ltd,
5.9%
Individual less than 5%
current sta ,
3.5%
Individual less than 5%
except sta ,
3.4%
Intrasia Capital Pte Ltd,
10.4%