HSBC in Mauritius

HSBC has two entities in Mauritius – a branch of The Hongkong and Shanghai Banking Corporation Limited and a local subsidiary, HSBC Bank (Mauritius) Limited.

We operate four retail branches which provide a range of consumer banking services from account opening, to mortgage, personal loans, credit card offerings with enhanced security features and instant payments via our digital platforms.

Through HSBC Bank (Mauritius) Limited, the local subsidiary offers global banking services which include:

Corporate Banking

Dedicated corporate account relationship managers tailor services to customer requirements in corporate facilities and funding, and short and long-term funding in local and foreign currencies.

Global Business

One of the first banks to set up an Offshore Banking Unit in Mauritius in 1991, HSBC has grown to be one of the leading banks in the Mauritius Global Business sector. Its clients enjoy a comprehensive range of trade services, finance and facilities, catering particularly to the needs of Freeport, trade and global business companies operating from Mauritius.

HSBC’s financial products and solutions offered to meet the requirements of global investors include:

Multi-currency accounts and deposits
Foreign exchange and treasury services
Funds transfers and remittances on HSBCnet with Face ID recognition
E-banking and Instant payments
Trade finance
Multi-currency corporate lending
Global Custody Business
Green Finance
Escrow Accounts

Our Offices:

HSBC Mauritius has its registered Head Office at:
HSBC Center, ICON Ebene, Level 5, Office 1 (West Wing),
Rue de L'Institut, 72202, Ebene
Phone: +(230) 403 8333
Chief Executive Officer: Greg Lowden

HSBC Bank (Mauritius) Limited has its Head Office at:
HSBC Center, ICON Ebene, Level 5, Office 1 (West Wing),
Rue de L'Institut, 72202, Ebene Mauritius
Phone: +(230) 403 8333
Managing Director: Greg Lowden

Management Team

Greg Lowden
Chief Executive Officer

Sarina Saul-Hassam
Chief Operating Officer

Rajiv Gopaul
Chief Finance Officer

Yousuf M Syed
Chief Risk and Compliance Officer

Nitin Ramlugon
Head of Wealth and Personal Banking

Vassan Caleemootoo
Head of Markets and Securities Services

Hajrah Sakauloo
Head of Wholesale Banking

Masud Monwar
Head of Human Resources

Ashiti Prosand
Head of Legal and Company Secretary

Corporate Governance

HSBC Bank (Mauritius) Limited

Board of Directors HSBC Bank (Mauritius) Limited English PDF 2.35 MB

Board Charter HSBC Bank (Mauritius) Limited English PDF 508.93 KB

Constitution of HSBC Bank (Mauritius) Limited English PDF 665.24 KB

Position Statements of HSBC Bank (Mauritius) Limited English PDF 514.46 KB

Appointments Process of HSBC Bank (Mauritius) Limited English PDF 500.88 KB

Statement of Accountabilities of HSBC Bank (Mauritius) Limited English PDF 491.73 KB

HSBC Code of Conduct English PDF 583.18 KB

Audit Committee Core Terms of Reference HSBC Bank (Mauritius) Limited English PDF 3.54 MB

Risk Management and Conduct Review Committee Core Terms of Reference HSBC Bank (Mauritius) Limited English PDF 3.50 MB

Management Terms of Reference HSBC Bank (Mauritius) Limited English PDF 584.89 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Board Charter English PDF 1.23 MB

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Job description summary of Management Team English PDF 1.50 MB

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Management Team profiles English PDF 1.07 MB

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Statement of Accountabilities English PDF 1.49 MB

HSBC Code of Conduct English PDF 583.18 KB

Financial results

HSBC Bank (Mauritius) Limited

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch

2023

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Annual Report 2023 English PDF 11.31 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended- 29 December 2023 English PDF 418.07 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited statement of profit or loss and other comprehensive income - 30 September 2023 English PDF 1.23 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended 30 September 2023 English PDF 400.25 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2023 English PDF 535.55 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended 30 June 2023 English PDF 289.79 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended 31 March 2023 English PDF 308.72 KB

The Hongkong and Shanghai Banking Corporation Limited – Mauritius Branch - Unaudited Interim Financial Statements - March 2023 English PDF 378.41 KB

2022

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Annual Report 2022 English PDF 9.68 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended 31 December 2022 English PDF 289.86 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2022 English PDF 526.19 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended 30 September 2022 English PDF 289.98 KB

The Hongkong and Shanghai Banking Corporation Limited – Mauritius Branch - Unaudited Interim Financial Statements - June 2022 English PDF 542.77 KB

The Hongkong and Shanghai Banking Corporation Limited – Mauritius Branch - Liquidity Coverage Ratio (LCR) for the quarter ended 30 Jun 2022 English PDF 290.03 KB

The Hongkong and Shanghai Banking Corporation Limited – Mauritius Branch - Unaudited Interim Financial Statements - March 2022 English PDF 489.44 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - March 2022 English PDF 15.13 KB

2021

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Annual Report 2021 English PDF 4.94 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - December 2021 English PDF 13.60 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2021 English PDF 550.83 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - September 2021 English PDF 19.07 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2021 English PDF 289.34 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - June 2021 English PDF 280.43 KB

The Hongkong and Shanghai Banking Corporation Limited – Mauritius Branch - Unaudited Interim Financial Statements - March 2021 English PDF 276.48 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - March 2021 English PDF 289.65 KB

2020

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch - Annual Report 2020 English PDF 7.81 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - December 2020 English PDF 103.47 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2020 English PDF 291.94 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - September 2020 English PDF 82.44 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2020 English PDF 280.70 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - June 2020 English PDF 73.46 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2020 English PDF 294.74 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - March 2020 English PDF 77.97 KB

2019

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch Annual Report 2019 English PDF 3.00 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - December 2019 English PDF 78.10 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2019 English PDF 203.46 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - September 2019 English PDF 72.88 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2019 English PDF 199.97 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - June 2019 English PDF 73.10 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2019 English PDF 171.94 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - March 2019 English PDF 48.51 KB

2018

The HongKong and Shanghai Banking Corporation Limited - Mauritius Branch Annual Report 2018 English PDF 12.44 MB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - December 2018 English PDF 72.86 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2018 English PDF 183.18 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - September 2018 English PDF 48.96 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2018 English PDF 296.52 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - June 2018 English PDF 49.27 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2018 English PDF 235.93 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - March 2018 English PDF 66.08 KB

2017

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Financial Statement - December 2017 English PDF 317.43 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Liquidity Coverage Ratio - December 2017 English PDF 66.04 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2017 English PDF 196.36 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2017 English PDF 189.18 KB

2016

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Audited Annual Report - December 2016 English PDF 155.50 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2016 English PDF 204.21 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2016 English PDF 203.95 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2016 English PDF 266.76 KB

2015

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Financial Statement - December 2015 English PDF 97.13 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2015 English PDF 187.67 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Statement of profit or loss and other comprehensive income - September 2015 English PDF 171.91 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2015 English PDF 372.94 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2015 English PDF 138.21 KB

2014

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Financial Statement - December 2014 English PDF 557.15 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - September 2014 English PDF 98.33 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - June 2014 English PDF 51.28 KB

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Unaudited Interim Financial Statements - March 2014 English PDF 49.22 KB

2013

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Financial Statement - December 2013 English PDF 848.16 KB

2012

The Hongkong and Shanghai Banking Corporation Limited - Mauritius Branch - Financial Statement - December 2012 English PDF 309.48 KB

Careers

Search our current job opportunities in Mauritius on the HSBC LinkedIn page to search for jobs and apply

History

The history of the HSBC Group in Mauritius begins in 1859, when the Chartered Mercantile Bank of India, London and China (the forerunner of the Mercantile Bank Ltd) established a branch in Port Louis. The bank helped to finance the construction of the Port Louis to Curepipe railway network in 1864.

In 1865, the Chartered Mercantile Bank decided to close the branch owing to difficult business conditions in India. For the next half century Chartered Mercantile Bank was represented in Mauritius by the Blyth Brothers and Co Ltd, which today trades as Ireland Blyth Ltd, IBL.

In 1892, the Chartered Mercantile Bank was renamed The Mercantile Bank of India Limited and in 1916 it bought the Bank of Mauritius, then a commercial bank. The Mercantile Bank of India Ltd acquired not only the business of the old Bank of Mauritius, but also its historic building in Place d’Armes. The name was changed to Mercantile Bank Ltd and the Bank conducted business from its main office at Place d’Armes from 1916 to June 1983.

In 1959 the Mercantile Bank was bought by The Hongkong and Shanghai Banking Corporation Limited and in 1983 the name of the Group’s operations in Mauritius was changed from the Mercantile Bank Ltd to Hongkong Bank. In 1999, the international brand name HSBC was established and we are now known in Mauritius, as we are elsewhere, simply as HSBC.

For details about HSBC’s global operations, Group board members and financial results, go to our corporate website

HSBC Group history timeline

1865

2024

Hong Kong harbour, Chinese artist, early 1860s

Staff in Fuzhou, China, 1887

Portrait of Thomas Jackson, around 1890

Chinese railway bond certificate, 1907

Staff in military uniform, First World War

Hong Kong building, 1965

Prison camp diary of HSBC staff member Max Haymes, 1943

Hong Kong garment factory, around 1950

Persian banknote, early 20th century

UK cash machine, around 1970

HSBC office, New York, 1999

HSBC lion, London, present day

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The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.

By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world. Bullion, exchange and merchant banking were important features of the bank’s business.

In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared.

The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation.

At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support helped established manufacturers as well as newcomers to Hong Kong grow their business.

By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.

In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives, opening up a world of opportunity for our customers.

Insight on HSBC.com

Media relations

Annick Rave-Meerun, Communications Manager
Phone: +(230) 403 0783
E-mail. annickmeerun@hsbc.co.mu

HSBC Cookie Policy

HSBC in Mauritius

Corporate Banking

Global Business

Our Offices:

Management Team

2023

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2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2023

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2021

2020

2019

2018

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2015

2014

2013

2012

Careers

History

HSBC Group history timeline

Media relations

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