ABC Banking

What ABC Banking does

ABC Banking Corporation Ltd is a Mauritius-based full-service commercial bank founded in 2010, operating across four business segments — Personal Banking, Private Banking, Corporate Banking, and Global Banking — to serve individual retail customers, high-net-worth clients, SMEs and large corporates, and international cross-border clients. Since April 2025 the bank has operated as the banking pole within ABCB Holdings, which is listed on the Main Board of the Stock Exchange of Mauritius following a Scheme of Arrangement restructuring that separated banking from non-banking operations. The bank extends its reach beyond Mauritius through representative offices in Hong Kong (opened 2017, the first Mauritian bank to establish a presence in China) and Dubai (opened 2021), positioning itself as a bridge between African and Asian financial markets.

The product portfolio spans deposit accounts (ABC Savings, ABC Junior, ABC Senior, ABC Premier, Current Account, and MUR and FCY term deposits), lending products (home loans, car leasing including electric vehicles, personal loans, project financing, and trade finance instruments such as letters of credit and bonds), payment cards (Mastercard Platinum Credit Card with EMV chip, OTP authentication, and contactless capability, plus debit cards on Mastercard and UnionPay networks), and treasury and foreign exchange services. Technology is anchored on a core banking system, complemented by Internet Banking, a mobile banking application, and the Infinity Rewards loyalty platform powered by Giift, which enables credit card holders to redeem points across flights, hotels, car rentals, airport lounges (via DragonPass), and over 5,000 gift vouchers.

Revenue is generated primarily through interest income from an Rs 18 billion loan portfolio, supplemented by non-interest income from credit card fees, transaction charges, foreign exchange commissions (3% on card forex), and account service fees. For FY2024-2025, interest income reached Rs 1,439.2 million (+12.3% year-on-year, crossing the Rs 1 billion threshold for the first time), operating income rose to Rs 1,054.8 million (+24.2%), and net profit grew 48% to Rs 380.6 million. Customer deposits expanded 29% to Rs 28.8 billion, driven principally by the Global Banking segment. The bank holds a Banking Act 2004 licence with a Capital Adequacy Ratio of 17.5% and a Liquidity Coverage Ratio of 364%, while its Cost-to-Income ratio improved to 56.4% from 60.0%, indicating meaningful operational leverage.

Name

ABC Banking

Legal name

ABC Banking Corporation Ltd

Website

https://abcbanking.mu

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

ABC Banking Corporation is a Mauritius-based full-service commercial bank serving individuals, businesses, high-net-worth clients, and international customers through Personal, Private, Corporate, and Global Banking segments, with representative offices in Hong Kong and Dubai.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Credit Card Issuing (52221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Commercial banking services
• Retail banking products
• Trade finance solutions
• Wealth management services
• Digital banking platform

Headquarters

HQ city

Port Louis

HQ country

Mauritius

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Income from lending activities including loans, advances, and credit facilities. Primary driver of revenue with interest from loan portfolio.
2. Non-Interest Income: Fee-based income from banking services including credit card fees, account charges, foreign exchange commissions, and service fees.
3. Credit Card Operations: Revenue from credit card annual fees, cash advance fees, forex fees (3%), overlimit fees, and interest charges on outstanding balances (up to 1.8% per month).
4. Foreign Exchange Services: Income from foreign exchange transactions including forex fees on credit cards (3%) and commission on currency exchanges for customers.
5. Asset Disposal Gains: Exceptional one-time gains from disposal of real estate assets as part of ABCB Holdings reorganization.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

ABC Banking provides full-service commercial banking in Mauritius under a Banking Act 2004 licence, delivering deposit accounts, lending facilities (home loans, car leasing, project and trade finance), payment cards, treasury and FX services, and wealth management across Personal, Private, Corporate, and Global Banking segments. Customers are served through a Port Louis branch, digital banking channels (internet and mobile), an ATM network, and international representative offices in Hong Kong and Dubai, supported by the Mastercard-network Infinity Rewards loyalty platform on the Platinum Credit Card.

Product overview

ABC Banking offers a unified banking platform comprising four core sub-brands — Personal Banking, Private Banking, Corporate Banking, and Global Banking — alongside dedicated digital channels (Internet Banking and Mobile Banking Application) and a rewards ecosystem anchored by the Infinity Rewards loyalty program. The product portfolio spans deposit accounts (savings, current, term deposits in MUR and FCY), lending products (home loans, car leasing, project financing, trade finance), payment cards (Mastercard Platinum Credit Card and debit cards on Mastercard and UnionPay networks), and treasury/forex services. The Infinity Rewards program, powered by the GIIFT platform, integrates directly with the credit card and mobile app for point earning and redemption across flights, hotels, lounges, and retail. International reach is extended through representative offices in Dubai and Hong Kong.

Differentiator

Problem solved

Functional benefit

Brands

• Infinity Rewards: Exclusive loyalty redemption platform enabling customers to redeem rewards points on flights, hotels, airport lounges, car rentals, gift vouchers, and online shopping.

Products and services

• Personal Banking Banking services for individual customers, including savings accounts (ABC Savings, ABC Junior, ABC Senior, ABC Premier), current accounts, personal loans, home loans, car leasing, debit cards, and forex services for personal use.
• Private Banking Premium banking services for high-net-worth individuals offering bespoke accounts, tailored financing solutions, and wealth management services across Mauritius and the international corridor.
• Corporate Banking Banking services for SMEs and large corporates, including business accounts, corporate financing solutions, corporate credit and debit cards, trade finance, project financing, and forex services.
• Global Banking International banking services including foreign currency call deposit accounts, fixed and term deposits, and cross-border banking support delivered through the bank's Hong Kong and Dubai representative offices.
• Mastercard Platinum Credit Card Premium EMV chip-enabled credit card with contactless payments (MUR 10,000 daily limit, max 4 transactions of MUR 2,500 each), OTP-based online authentication, and integration with the Infinity Rewards loyalty programme. Annual fee MUR 1,500 + VAT; 10 points per Rs 100 spent; complimentary lounge access via DragonPass.
• Infinity Rewards Loyalty Programme Loyalty and rewards programme automatically enrolled for all ABC Banking credit cardholders, enabling points (10 per Rs 100 spent) redemption for flights, hotel stays, car rentals, airport lounge access (via DragonPass), gift vouchers, and shopping through the Giift-powered Infinity Rewards online platform. Points valid for 3 years.
• Internet Banking Online banking platform allowing customers to manage accounts, view transactions, transfer funds, pay bills, and access credit card management and loan services through a web browser.
• Mobile Banking Application Digital banking application that enables customers to manage finances from mobile devices, perform transactions, and interact with the Infinity Rewards loyalty platform.
• Savings Accounts (ABC Savings, ABC Junior, ABC Senior, ABC Premier) Saving account variants at ABC Banking: ABC Savings (3.35% p.a. payable half-yearly, minimum Rs 5,000), ABC Junior (3.35% + 0.25% p.a. for minors, minimum Rs 3,000), ABC Senior (3.35% + 0.5% p.a. for senior citizens, minimum Rs 5,000), and ABC Premier premium savings (minimum Rs 10,000).
• Current Account Transaction account for individuals and corporates with cheque book facilities, monthly service charges, and dormancy fees after two years of inactivity. Individual minimum Rs 10,000 with Rs 50+VAT monthly service; corporate minimum Rs 50,000 with Rs 200+VAT monthly service.
• Term Deposits (MUR and FCY) Fixed-term deposit products in Mauritian Rupees (minimum Rs 50,000 for individuals, Rs 100,000 for corporates; rates 3.40% to 5.50% p.a.) and in foreign currencies (minimum USD 5,000 or equivalent), offered across personal, corporate, and global banking segments.
• Home Loans Financing solutions for purchasing or building residential property in Mauritius, offered as part of the Personal Banking segment at the prevailing Prime Lending Rate.
• Car Leasing Vehicle leasing and financing solutions for personal and corporate customers, covering petrol/hybrid and electric vehicles.
• Trade Finance Cross-border business financing services including letters of credit, guarantees, performance bonds, tender/bid bonds, and advance payment bonds to facilitate international trade for corporate clients.
• Project Financing Customised financing solutions to support corporate growth and large-scale projects, offered within the Corporate Banking segment.
• Treasury / Forex Services Foreign exchange services for individuals and corporates, including daily indicative forex rates, currency conversion, and treasury management solutions for global banking clients.
• Debit Cards ABC Banking debit cards accepted at ATMs and POS terminals locally and internationally, operating on both Mastercard and UnionPay networks, with no annual fee on standard cards, contactless transactions, and OTP-based online security.

Quantifiable outcome

• 29% growth in deposits to Rs 28.8 billion driven by Global Banking segment
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Board of GoodminorGTM or Marketing Partner · 2 September 2025Partnership with Board of Good for inclusive leadership conference exploring gender balance and women's representation in corporate leadership. ABC Banking contributes to discussions on inclusive leadership and gender equality in Mauritian businesses.
• MastercardcoreTechnology or Integration · 3 July 2025Mastercard is the card network partner for ABC Banking's Platinum credit cards. The partnership provides cardholders with exclusive rewards, lounge access, and travel privileges through the Infinity Rewards platform. Joint marketing campaigns like the Emirates promotion drive card usage.
• EmiratesminorGTM or Marketing Partner · 3 July 2025Emirates airline partnership offering ABC Banking Mastercard cardholders up to 10% discount on flights booked through Emirates website or app. Valid for Economy, Premium Economy, and Business class travel from Mauritius until December 2025.
• SeyleaseminorStrategic or Co-development Partner · 6 June 2025Seylease is a joint venture in Seychelles for vehicle leasing and fleet management, launched by ABCB Holdings through ABCB Investments with local partners. First leasing company in Seychelles offering Full Maintenance Lease, Finance Lease, and Maintenance Management services including electric vehicles.
• GiiftcoreTechnology or IntegrationGiift powers the Infinity Rewards loyalty redemption platform, enabling ABC Banking credit card holders to access over 5,000 gift vouchers and a wide range of redemption options including flights, hotels, car rentals, and experiences.
• ABC FoodsminorGTM or Marketing PartnerABC Foods co-sponsors events including The Perfect Experience culinary competition and Board of Good conference, leveraging shared corporate identity within ABC Group.
• ABCB InvestmentscoreOthersSubsidiary of ABCB Holdings grouping non-banking activities. ABC Banking operates within the ABCB Holdings structure alongside ABCB Investments following the 2024 restructuring.

Scale indicators11 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• AfrAsia Bank: Mauritius-based bank focused on international and cross-border banking, serving corporate and private clients across Africa, Asia, and Europe. Most directly comparable to ABC Banking's Global Banking segment in terms of cross-border proposition and target clientele.
• MauBank Ltd: Mauritian commercial bank offering personal, SME, and corporate banking products, created via merger of MauBank, National Commercial Bank, and Century Bank. Competes with ABC Banking for Mauritian retail deposits, loans, and corporate finance.
• Mauritius Commercial Bank (MCB): Mauritius' largest commercial bank offering personal, corporate, and international banking across similar segments to ABC Banking. MCB is the dominant domestic incumbent against which ABC Banking competes on corporate, private, and cross-border banking mandates.
• Bank One Mauritius: Mid-sized Mauritian commercial bank with corporate and private banking focus, operating in the same domestic market as ABC Banking. Comparable in scale, segment coverage, and reliance on relationship-driven banking.
• SBM Bank (State Bank of Mauritius): One of the largest commercial banks in Mauritius providing personal, business, and international banking services. Competes directly with ABC Banking across retail deposits, SME lending, and corporate finance in the same Mauritian market.

Regional players

• Al Baraka Bank Mauritius: Mauritius-licensed Islamic banking subsidiary of the Bahrain-based Al Baraka Banking Group, offering retail, corporate, and investment banking. Competes with ABC Banking for the international corporate and HNW client segment in Mauritius from a different product angle (Islamic finance).
• Absa Bank Mauritius: Subsidiary of pan-African Absa Group offering commercial, retail, and wealth banking in Mauritius. Compares to ABC Banking on product breadth and corporate finance capability, with the key difference of being a regional subsidiary versus a Mauritian-rooted bank with international franchises.

Broad incumbents

• Investec Bank Mauritius: Specialist bank and wealth manager with a Mauritius private banking and corporate banking presence. Comparable to ABC Banking's Private Banking and Corporate Banking offerings, particularly on wealth-management-led client propositions.
• Standard Chartered Bank Mauritius: International bank with a Mauritius presence focusing on cross-border corporate banking, trade finance, and wealth. Particularly comparable on the Africa-Asia corridor value proposition that ABC Banking emphasises through its Hong Kong and Dubai offices.
• HSBC Mauritius: Global universal bank operating in Mauritius with strengths in cross-border, trade finance, and wealth management. Overlaps with ABC Banking's Global Banking segment targeting international corporate and HNW clients, and exceeds ABC Banking in scale and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ABC Banking