Monday, 28 November 2022

Best Trade Finance Bank in Mauritius - Absa Bank

5 min read

By The Asian Banker

This pan-African powerhouse continues to strengthen as a gateway to Africa with its ‘international hub’ strategy.  Following the cooperation with a large French financial institution and acquisition of its custody, clearing and trustee services, it grew its market share by 8% in Mauritius. Its trade platform registered an increase in active user base by 25% from the previous year. Users can send e-applications and view a snapshot of their outstanding funded and non-funded instruments in realtime. Tracking of trade requests and processes enables the bank to have a competitive edge over its peers. It processes trade finance requests of its customers within 24 hours, faster than the market average rate of two days.

 

For these achievements, Best Trade Finance Bank in Mauritius is Absa Bank (Mauritius) Limited. 



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