thewealthnet

African bank acquires Mauritian HSBC wealth and personal banking business

News Team, 14/11/2023

Absa Bank (Mauritius) has acquired the domestic wealth and personal banking and business banking business of HSBC in Mauritius, subject to regulatory and other approvals.

The transaction is part of Absa Mauritius’s aims to expand as a role-player in the Mauritian economy.

The transaction will allow Absa Bank Mauritius the opportunity to further increase the scale of its retail and business banking division...


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