Bank One: Best International Banking Services & Best Custodian Bank Indian Ocean 2021

From its base in Port Louis, in the Indian Ocean island state of Mauritius, Bank One Limited is a top-tier banking institution recognised for its bespoke products and services delivered to more than 50,000 domestic and international customers. The bank is privileged to have two large groups as shareholders: CIEL Finance Limited a subsidiary of the CIEL Group, a Mauritian conglomerate with a significant footprint in Africa, and I&M Holdings PLC, a financial services group with a presence in Kenya, Rwanda, Tanzania and Uganda. Bank One thus plays an active role in supporting businesses in Sub-Saharan Africa because of its unique onshore and offshore capabilities. The objective of the bank is to leverage Mauritius’ position as an international financial centre for Africa to serve the rising Financial Institution and Corporates as well as the Wealth Management, Securities and Custody Services needs of its clients in key Sub-Saharan African economies. By doing so, Bank One aims to become the ‘Bank of Choice’ for Financial Institutions in Sub-Saharan Africa and has deepened its relationships with DFIs, and the African Trade Insurance Agency, which helps the bank enhance its lending structures in challenging markets. The judging panel recognises Bank One’s well-defined long-term ambitions and presents it with the 2021 award for Best International Banking Services & Best Custodian Bank (Indian Ocean).