BANK ONE

Bank One is a joint venture between CIEL Finance Limited in Mauritius and Kenya-based I&M Holdings PLC. Over the last decade, it has built a client base of over 50,000, a dedicated team of over 400 experienced collaborators and an asset base exceeding MUR 55 billion. Bank One provides a wide range of banking products and services to its clients through a geographic footprint spread across the island of Mauritius, comprising 10 branches and a well-distributed ATM network. It also plays an active role in supporting businesses in sub-Saharan Africa. Bank One has deep development finance institution relationships and long-term funding lines in place with the German Investment Corporation (DEG), the International Finance Corporation (IFC) and the French Development Agency (Proparco). Both Bank One and the Tier 2 issue have been rated A+ by CARE Ratings (Africa).