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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).
Between May and June 2024, heavy monsoon rains in Sri Lanka would lead to flash floods, mudslides, and falling trees across the western and southern parts of the island. [1] The floods killed at least 16 people and affected 20 out of the country's 25 districts, with some areas reporting over 400 mm (16 in) of rain.
Overnight the army and navy evacuated 26,000 people affected by the floods in Colombo. [54] According to the Meteorology Department the last four days had seen one of the highest rainfalls in Sri Lanka. [55] 373.3mm of rain fell on Kilinochchi in the 24 hours to 8.30 a.m. on 16 May 2016. [55]
Sri Lanka's president said Wednesday that he is seeking a loan repayment moratorium until 2028 as the debt-ridden county tries to emerge from bankruptcy. President Ranil Wickremesinghe told ...
2018 Sri Lanka floods and landslides caused from an annual heavy southwest monsoon beginning around 19 May. As of 26 May 2018; the monsoon floods affected in about 19 districts, killed at least 21 people, about 150, 000 people were affected and further left approximately 23 people missing.
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
Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
The 2017 Sri Lanka floods resulted from a heavy southwest monsoon, beginning around 18 to 19 May 2017. [1] Flooding was worsened by the arrival of the precursor system to Cyclone Mora , [ 2 ] causing flooding and landslides throughout Sri Lanka during the final week of May 2017. [ 3 ]