RicherFin · Sovereign Projects

Mauritius - Maubank Holdings Limited — Mauritius

Mauritius · Port Louis · Formal sector financial intermediaries

Overview

The proposed project entails a senior loan to MauBank Holdings with an amount of USD 100 million for up to a 12-year tenor including a 5-year grace period. MauBank was formed through the merger of two government-owned commercial banks (National Commercial Bank (NCB) & Mauritius Post and Cooperative Bank (MPCB) in January 2016). A senior loan to MauBank Holdings to provide long-term liquidity required for its subsidiary bank, MauBank Ltd (MauBank) to expand its Small and Medium Enterprise (SME) operations, which are in line with the Government of Mauritius’ 10-Year SME Master plan by focusing on various sectors such as manufacturing, ICT, agriculture, construction, trade and services. This intervention will complement the Bank’s other ongoing programs in Mauritius such as power sector and infrastructure support projects in addition to a commercial bank and PE fund operations.

Key project information

Official name
Mauritius - Maubank Holdings Limited
Status
Approved
Current phase
Approved
Country
Mauritius
Location
Port Louis
Sector
Formal sector financial intermediaries
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 72.6m
Expected completion
2031-02-01