AfrAsia - bank differentHeadquartered in the Mauritius International Financial Centre, AfrAsia Bank is aniche and focused ...
The bridge to Africa & Asia          “Africa is today recognized as being the continent offering the most growth          ...
Why Mauritius? 	 Experienced and Proven Jurisdiction 	 Network of Double Taxation Agreements (DTA) and 			 Investment Prom...
Corporate  Investment Banking,    Treasury and Capital Markets           AfrAsia Bank’s vision is to bring value to your b...
Attitude“Can-do”Our comprehensive solutionsto grow your business:    	 Treasury and Cash Management including	     FX swap...
Private Banking    and Wealth Management          When it comes to your Private Banking needs, AfrAsia Bank has the expert...
RelationshipsPrivilegedWe help achieve yourfinancial objectives: 	   Capital building and preservation 	   Cash and borrow...
Private Banking and Wealth Management       Individual needs, distinctive results…       We have a holistic approach to Pr...
Offered in collaboration withAXYS Capital Management,our investment management servicesmay either be discretionary ornon-d...
International Banking Solutions        AfrAsia Bank delivers customized services for structures incorporated in the       ...
Passionate 		  PartnersAfrAsia Bank Group deliverscustomized services including:    	 Cash Management including Treasury P...
Group Structure        AfrAsia Bank operates as an integrated specialist bank, combining our        strengths and expertis...
With our banking and non-banking clusters,our aim is to think long-term as we buildbusiness platforms and relationships th...
Local expertise with regional reach                      With a passionate team of experienced bankers, AfrAsia Bank has t...
Coherent with our global strategic directionand the reinforcement of the Bank as aglobal brand, AfrAsia Bank will continue...
Strategic Shareholding                                             GML                                             Our anc...
Disruptive	 Banking“Through world-class partnerships, AfrAsiahas regional and international reach to pursueits growth as a...
Board of Directors and Management       Our Board of Directors blends the experience of well-known Mauritian executives   ...
Genuineness The Bank has a unitary Board of eleven members functioning independently of management, amongst which there ar...
Strong credentials                          Regional and international growth remain the essential pillars in AfrAsia Bank...
Accolades  RatingsAwarded by specialist organisations which scrutinise theindustry for strength, security and client care,...
Looking ahead together We live in a world where there’s no waiting. Our vision sheds new light on your financial managemen...
25
AfrAsia Bank Limited         Bowen Square, 10 Dr Ferrière Street, Port Louis, Mauritius                Tel (230) 208 5500 ...
Corporate Brochure 2012
Corporate Brochure 2012
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Corporate Brochure 2012

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Corporate Brochure 2012

  1. 1. AfrAsia - bank differentHeadquartered in the Mauritius International Financial Centre, AfrAsia Bank is aniche and focused bank with the ability to tailor innovative financial solutions forboth the local and international markets.Our partnership approach and our team of highly experienced professionals allowyou to discover a different facet of banking with customised services focusing on: Corporate and Investment Banking, Treasury and Capital Markets Private Banking and Wealth Management International Banking SolutionsAfrAsia Bank serves the dynamic Africa-Asia trade and investment corridor, in whichMauritius plays a vital role as a regional financial and logistics hub. We are the idealpartner to help both private and corporate clients, locally and in the region, to benefitfrom an environment of trust, a sound legal framework and a global banking networkdelivered with boutique service and speed.Why AfrAsia Bank? Dedicated Relationship Managers providing remarkable, professional and confidential services Flexibility in procedures and quick decision making Competitive rates on the market Fast processing of applications Free and secured internet banking, for both viewing and transacting Backed by world-class strategic shareholders, including GML, the largest conglomerate in Mauritius
  2. 2. The bridge to Africa & Asia “Africa is today recognized as being the continent offering the most growth potential in future years and Mauritius is ideally placed to capture the resulting investment and trade flows. At AfrAsia Bank Group*, we have geared up our products and services to serve Corporate clients and funds investing in Africa, as well as Private clients looking at benefiting from the growth of African countries.” Kamben (Ben) Padayachy, Deputy CEO, Head of Global Banking, Treasury and Markets Strategically located in the Indian Ocean, Mauritius has positioned itself as a trusted and secure International Financial Services Centre for investment flows from major economic powers into the emerging markets of Africa and Asia. Mauritius is in an excellent position to serve as an ideal gateway for cross-border investment and as a private banking centre par excellence. The attractiveness of the island is consolidated by the fact that it enjoys a number of competitive advantages on which AfrAsia Bank is capitalizing while introducing you to new markets, tailored products and unique opportunities. * frAsia Bank Group consists mainly of AfrAsia Bank Limited, AfrAsia Corporate Finance (Pty) Ltd, AXYS Capital Management and A AfrAsia Kingdom (Zimbabwe) Ltd.4
  3. 3. Why Mauritius? Experienced and Proven Jurisdiction Network of Double Taxation Agreements (DTA) and Investment Promotion Protection Agreements (IPPA) International Recognition OECD White Listed Jurisdiction Efficient Regulatory Framework Favourable Fiscal Incentives Good Connectivity Convenient Time Zone 5
  4. 4. Corporate Investment Banking, Treasury and Capital Markets AfrAsia Bank’s vision is to bring value to your business. Our experienced team of Relationship Managers will accompany you in your projects and will advise you on the most profitable way to structure your financing requirements. The Bank has developed innovative, flexible and attractive facilities for your working capital and trade finance requirements. Your dedicated advisor will also be working closely with the Treasury team to provide the best possible foreign exchange and interest rate solutions for your cash management. AfrAsia Bank offers Investment Banking Solutions to its corporate clients via AfrAsia Corporate Finance (ACF), our associate company based in Cape Town, South Africa. ACF is a niche, independent corporate finance advisor and is an authorized financial services provider, licensed by the Financial Services Board in South Africa (www.afrasiacf.com). ACF advises a broad spectrum of organisations across the Southern African Development Community (SADC) region, from corporates and private equity houses to financial institutions and hedge funds. Through its equity advisory business it is also able to structure and execute select equity and equity- linked offerings by clients to finance their businesses, acquisitions and other important strategic initiatives. ACF advisory services include mergers and acquisitions, debt advisory, restructuring, equity advisory and BEE advisory. “AfrAsia Bank’s can-do attitude is omnipresent, be it from their CEO, Corporate Directors to their Relationship Managers. They are always available, supportive, listening to the clients’ needs and doing their best to find THE solution. The Bank is a one stop shop for all my banking needs with professional staff who are efficient and decisions are made fast. As a business this is vital. I feel at home. Thanks guys for the best rate on currencies in the market and for making my business run smoothly!” Ahmed Parkar, Chief Executive Director, Star Knitwear Group.6
  5. 5. Attitude“Can-do”Our comprehensive solutionsto grow your business: Treasury and Cash Management including FX swaps, corporate advisory and options Working Capital Funding Mezzanine Finance Investment Banking Project Finance including Integrated Resort Schemes for developers and buyers Corporate Finance 7
  6. 6. Private Banking and Wealth Management When it comes to your Private Banking needs, AfrAsia Bank has the expertise to tailor innovative banking solutions while ensuring that you benefit from a dedicated and personalized customer service. Recognized by our peers and clients as the “Best Local Private Bank in Mauritius” in 2011 and 2012 and the “Best Private Bank for the Super Affluent in Mauritius” in 2012, we deliver on our promise to exceed your expectations by understanding your needs and crafting the relevant products to meet those needs. Our partnership approach allows you to discover a different facet of banking, providing you with sound financial advice, innovative banking products and wealth management solutions for every stage of your wealth development. “ La grande disponibilité de nos charges de compte, leur qualité d’écoute, leur réactivité, et leur sérieux sont toujours au rendez vous et rendent les opérations fluides et rapides. Les services de la banque aussi, sont particulièrement qualitatifs et nous permettent d’évoluer rapidement en toute confiance. Une mention particulière pour le Homebanking qui correspond à ce qu’un client « d’aujourd’hui » peut attendre : gagner du temps. Pour toutes ces raisons, je ne peux qu’encourager mon entourage à tenter l’expérience AfrAsia pour mesurer la différence !” Chrystel de Bricourt, Executive Director.8
  7. 7. RelationshipsPrivilegedWe help achieve yourfinancial objectives: Capital building and preservation Cash and borrowings management Financial protection against risk Financial planning 9
  8. 8. Private Banking and Wealth Management Individual needs, distinctive results… We have a holistic approach to Private Banking. Products and services are carefully crafted to meet the sharp requirements of our clients. With our associate company, AXYS Capital Management, we provide our clients with state of the art investment products and structures that offer exposure to several regions via listed and unlisted equities, commodities and metals, hedge funds and other asset classes. In periods of high volatility paved with market uncertainty, it is important to offer wealth protection and sound means of diversifying a portfolio. Our team consists of highly qualified and experienced professionals. Closer to you… Our experienced team of Relationship Managers and specialized Private Bankers provide privileged advice and focus to meet the financial needs of entrepreneurs, executives and their families. In every situation, we will respond with reliable and personal advice designed to suit your individual requirements. AfrAsia Bank is the provider of high quality financial services, in partnership with AXYS Capital Management and top rated international financial institutions. We are constantly on the look out to identify products which meet your needs through our innovative and reactive approach to market changes. These allow us to make a differentiated comprehensive offer in terms of wealth management services and make your banking experience with us different.10
  9. 9. Offered in collaboration withAXYS Capital Management,our investment management servicesmay either be discretionary ornon-discretionary and include: Asset Management Fund Management Portfolio Management Investment Advisory 11
  10. 10. International Banking Solutions AfrAsia Bank delivers customized services for structures incorporated in the Mauritius International Financial Services Centre and in other jurisdictions. The Bank is also a passionate partner in helping private and corporate clients benefit from the strategic advantage of Mauritius with its network of Double Taxation Agreements and membership of SADC and COMESA. A list of these DTAs is available on our website at www.afrasiabank.com. With our three representative offices in South Africa and our international strategic shareholders facilitating our regional growth, we are delivering on our promise to be a truly one-stop boutique regional bank that seamlessly links the African and Asian continents. Moreover, remarkably efficient international funds transfers are also readily available through AfrAsia Bank’s robust network of correspondent banks that includes Citibank, First Rand Bank, ICICI Bank, HSBC, Standard Chartered Bank, Commerzbank, Sumitomo Mitsui Banking Corporation Tokyo and Bank of China. “AfrAsia Bank has positioned itself as a regional player facilitating investment flows and trade traffic between Africa and Asia and globally. The Bank has cross-border capabilities to deliver tailor made solutions with tangible benefits. AfrAsia Bank has been by our side as we have grown over the years and we are impressed by the dynamism and passion of the team in offering a seamless service to international clients.” Ben Lim, Chief Executive Officer, Intercontinental Trust.12
  11. 11. Passionate PartnersAfrAsia Bank Group deliverscustomized services including: Cash Management including Treasury Products and Hedging Services High yielding multi currency deposits Internet Banking facilities for viewing and transacting Comprehensive range of Trade Finance services facilities Structured Investment products Project Finance including Integrated Resort Schemes for developers and buyers Investment opportunities to Indian Equity/ Debt Market as Foreign Institutional Investor (FII) Global Custody and Brokerage services 13
  12. 12. Group Structure AfrAsia Bank operates as an integrated specialist bank, combining our strengths and expertise in three global divisions (Private Banking Wealth Management, Corporate Investment Banking and International Banking) to offer our clients customized services. Our objective is to optimise our global portfolio and implement international growth. We also aim at ensuring a global presence thus strengthening our ability to compete on both national and international levels.14
  13. 13. With our banking and non-banking clusters,our aim is to think long-term as we buildbusiness platforms and relationships that willcreate value in the years to come. 15
  14. 14. Local expertise with regional reach With a passionate team of experienced bankers, AfrAsia Bank has the expertise to serve a diverse client base locally and in the region while developing products and services to suit their needs. The Bank’s core banking and transactional capabilities are complemented by its asset management arm, AXYS Capital Management, providing a one-stop shop in financial planning for our High Net Worth Clients. Over its 20 years in Mauritius, AXYS has successfully built a disciplined and robust investment process while developing a wide range of long-term relationships with Domestic and International clients. South Africa Our investment arm, AfrAsia Corporate Finance, and the establishment of banking representative offices in Cape Town and Johannesburg, allow the Bank to have cross-border capabilities to deliver tailor-made solutions with tangible benefits in an environment of trust while seamlessly linking the Africa-Asia continents. Zimbabwe AfrAsia Bank’s regional expansion has been taken to a new level with the strategic acquisition of Kingdom Financial Holdings Limited, an investment holding company domiciled in Zimbabwe with operations in Botswana, Malawi and South Africa. Rebranded AfrAsia Kingdom Zimbabwe Limited, the company has interests in the banking, stockbrocking and asset management sectors.16
  15. 15. Coherent with our global strategic directionand the reinforcement of the Bank as aglobal brand, AfrAsia Bank will continue toseize multiple growth opportunities throughthe acquisition of other African markets, theforging of strategic alliances with strong globalbrands and sustaining a favourable position asa boutique financial institution in the region. 17
  16. 16. Strategic Shareholding GML Our 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: property development, financial services, commerce, agri-business, printing, hospitality sector and agro-industry. The Group employs over 12,000 persons and contributes to about 4.6% of the GDP of Mauritius. 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 the energy and resources, real estate, financial services and agricultural sectors. It is the second largest shareholder of the Bank and provides guidance and support to our international expansion. PROPARCO PROPARCO is a development finance institution jointly held by Agence Française de Développement (AFD) and public and private shareholders from the North and South. The company has a mandate to galvanize private investment in emerging and developing countries with the aim of supporting growth, sustainable development and the achievement of the Millennium Development Goals (MDGs). PROPARCO finances investments that are economically viable, socially equitable, environmentally sustainable and financially profitable. It invests in a vast geographical area that encompasses both the major emerging countries and the poorest countries, particularly in Africa.18
  17. 17. Disruptive Banking“Through world-class partnerships, AfrAsiahas regional and international reach to pursueits growth as a dynamic bank servicing thefast-growing Africa-Asia trade and investmentcorridor.”Arnaud Lagesse, Chairman of AfrAsia Bank. 19
  18. 18. Board of Directors and Management Our Board of Directors blends the experience of well-known Mauritian executives with high-calibre international financiers from South Africa, Singapore, Canada and Australia. AfrAsia Bank’s highly experienced international and regional bankers and strategic partners devote every effort to giving you advice and investment solutions exclusively designed according to your needs. We invite you to visit our website at www.afrasiabank.com, where you will find detailed information on our Board members and Senior Management team. Corporate Governance AfrAsia Bank Limited is a public company incorporated on January 12, 2007 and is regulated by the Bank of Mauritius. The Bank is committed to best-in- class governance and four Committees have been constituted as follows:20
  19. 19. Genuineness The Bank has a unitary Board of eleven members functioning independently of management, amongst which there are two Inside Executive Directors and nine Outside Directors. 21
  20. 20. Strong credentials Regional and international growth remain the essential pillars in AfrAsia Bank’s growth strategies and our performance during the last few years, along with our increased and diversified capital base, is providing many expansion opportunities. Total Deposits Total Assets 20,000,000 25,000,000 31% 15,000,000 20,000,000 31% 87% 15,000,000 Rs’000 10,000,000 Rs’000 84% 10,000,000 59% 48% 5,000,000 5,000,000 0 0 2009 2010 2011 2012 2009 2010 2011 2012 Total Loans 14,000,000 12,000,000 Capital Adequacy Ratio 10,000,000 50% 20 8,000,000 15 76% 6,000,000 Rs’000 10 % 4,000,000 130% 5 2,000,000 0 0 2009 2010 2011 2012 2009 2010 2011 201222
  21. 21. Accolades RatingsAwarded by specialist organisations which scrutinise theindustry for strength, security and client care, these accoladesreflect our continued commitment to building privilegedrelationships with our customers and partners. “Best Private Bank for Super Affluent in Mauritius” 2012 – Awarded by Euromoney “Best Local Private Bank in Mauritius” 2012 – Awarded by Euromoney “Best Private Bank in Mauritius” 2011 – Awarded by Euromoney “2010 Quality Recognition” – Awarded by Citibank for achieving high Straight Through Processing Rate for payments and transfers “Most Innovative Bank in Mauritius” 2008 – Awarded by World Finance Highest CAMEL Rating of 2+ in Mauritius as at December 2011 – Attributed by Bank of Mauritius 23
  22. 22. Looking ahead together We live in a world where there’s no waiting. Our vision sheds new light on your financial management through our innovative Corporate, Private and International Banking Solutions. So, when making that important banking relationship decision, let AfrAsia Bank’s team of passionate partners show you that “Bank different” is not just different words, it is the important difference that the right bank can make.24
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  24. 24. AfrAsia Bank Limited Bowen Square, 10 Dr Ferrière Street, Port Louis, Mauritius Tel (230) 208 5500 / Fax (230) 213 8850 afrasia@afrasiabank.com / www.afrasiabank.com Mauritius – South Africa – ZimbabweA member of GML, largest conglomerate in Mauritius - www.gmltogether.com

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