Mauritius has a long banking history: the first commercial bank was established in 1838.

Range of services
Banking services available in Mauritius include both banking and non-banking financial services:

Banking financial services:

• Time and call deposits in both local and foreign currencies


• Foreign currency savings in 7 currencies


• Automatic overdraft facilities


• Electronic banking systems


• Medium and long term loans


• International credit cards


• Computerised cashier system


• Savings accounts with cheques


• Automatic teller machines


• Direct debit cards


• Equity financing facilities


• Sale and purchase of foreign currencies

Non-banking financial services

• Stockbroking services


• Asset management


• Corporate finance


• Secretarial services


• Advisory services


• Fiduciary services

Commercial Banks

• Bank of Baroda


• Barclays PLC


• Habib Bank


• Indian Ocean International Bank


• South East Asian Bank


• State Bank of Mauritius


• Hong-Kong and Shanghai Banking Corporation


• Mauritius Commercial Bank
  
• Mauritius Post and Cooperative Bank Ltd
  
• Banque des Mascareignes
  
• First City Bank

Offshore Banks

• Bank of Baroda


• Banque Internationale des Mascareignes Ltée


• BNPI


• Barclays Bank PLC


• Deutsche Bank


• Hong Kong and Shanghai Corporation Ltd


• Investec


• State Bank International Ltée


• Standard Chatered Bank

Bank of Mauritius (BOM)

Established in 1967, the role of the BOM is to safeguard the value of the Mauritian Rupee and strengthen the financial system with a view to enhance the economic activity. The BOM formulates and implements monetary policy.

Operations of the BOM
(I) Determines the bank rate weekly based on the most recent overall weighted auction yield rate of Treasury Bills
(II) Issues Treasury Bills and Bank of Mauritius Bills
(III) Manages public debt
(IV) Supervises and regulates the commercial banks