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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
In 2013 the bank was accused of insider lending by top shareholders of the bank against CBK rules. [7] In November 2016, SEM listed SBM Group announced that it has reached an agreement to acquire a majority stake in the bank. [8] This process was concluded in May 2017 and the bank's name was changed to SBM Bank (Kenya) Limited. [9] [10]
Premier Bank Kenya Ltd; Prime Bank Ltd; 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 ...
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 .
African Trade Bank (ATB) Bank with Gold Confidence (Bancor) Congolese Bank of Commerce Outside (BCCE) Continental Bank of Congo (BanCoC) Trade and Development Bank (BCD) Bank of Crédit Agricole (BCA) Compagnie Banciare de Commerce et de Credit (COBAC) First Bank Congo Corporation (FBCC) New Bank of Kinshasa (NBK) Ryad Bank (RB)
This list of banks that have merged to form the State Bank of India includes financial institutions that were at one point or the other merged with the State Bank of India or any of its subsidiaries. This list includes the banks which have been subsidiaries or associates of the State Bank of India.
The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. [10] At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya .