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SBM is the second-largest bank in Mauritius with a market share of about 25% of domestic banking assets. As of June 2011 [update] , its total asset valuation was approximately US$3.34 billion (MUR:95.7 billion), with shareholders' equity of about US$557.1 million (MUR:16 billion).
HSBC Bank (Mauritius) Limited, part of HSBC Group; Investec Bank (Mauritius) Limited, part of Investec Group; MauBank Limited, state-owned; SBI (Mauritius) Limited, part of State Bank of India Group; SBM Bank (Mauritius) Limied; Silver Bank Limited (acquired BanyanTree Bank Limited) Standard Bank (Mauritius) Limited, part of Standard Bank Group
SBM Bank India is a subsidiary of the State Bank of Mauritius. It was the first bank to receive a banking license from the India's banking regulator Reserve Bank of India (RBI) to establish a universal banking business in the country as a wholly owned subsidiary .
In April 2018, SBM Holdings of Mauritius concluded the acquisition of the majority of assets and liabilities of Chase Bank Kenya Limited, which had been under receivership since April 2016. It was expected that those assets and liabilities, together with the 1,300 Chase Bank employees, in about 62 branches, would be absorbed in SBM Bank Kenya.
SBM Offshore, a Dutch-based oil services company; SB Morgen, a Nigerian data and research company; Société des Bains de Mer, owner and operator of casinos and hotels in the Principality of Monaco; SoftBank Corp., formerly SoftBank Mobile, a subsidiary of SoftBank Group; State Bank of Mauritius; State Bank of Mysore
SBM Bank Kenya Ltd, part of State Bank of Mauritius Group; Sidian Bank Ltd, part of the Centum Group; Spire Bank Ltd; Stanbic Bank Kenya Ltd, part of Standard Bank Group; Standard Chartered Bank Kenya Ltd, part of Standard Chartered Group; United Bank for Africa Kenya Ltd, part of UBA Group; Victoria Commercial Bank PLC
MCB Madagascar, part of Mauritius Commercial Bank Group; Banque SBM Madagascar, part of State Bank of Mauritius Group; SIPEM Banque; Société Générale Madagasikara , undergoing purchase from Société Générale by BRED Banque populaire [2]
In April 2018, the central bank announced that State Bank of Mauritius would be acquiring certain assets and matched liabilities from Chase Bank's. This deal included 75% of deposits, bank staff and branches and merging them with the operations of its Kenyan subsidiary, SBM Kenya. The remaining assets and liabilities were then transferred to ...