The SBM Bank (Mauritius) Ltd has been honored with the title of ‘Best SME Bank in Mauritius’ at the Asian Banker Global Middle East and Africa Awards 2023. This recognition follows the ‘Best Bank for SMEs in Mauritius’ award bestowed upon the bank by Euromoney last month as part of the ‘Euromoney Awards for Excellence 2023.’ The consecutive accolades underscore the bank’s effective strategy in financing, supporting, and guiding local SMEs and entrepreneurs.
The Asian Banker, a prominent strategic intelligence platform for financial services in Asia and Southeast Asia, conferred this award to SBM Bank (Mauritius) Ltd after a selection process involving surveys and investigations conducted by its teams. The jury acknowledged the bank’s commitment and efforts in addressing the financial needs of Small and Medium Enterprises (SMEs), both in terms of dedicated products and services.
“This new distinction underscores SBM Bank’s ongoing efforts to support and accompany SMEs in Mauritius and Rodrigues. It validates the bank’s proximity strategy, along with all the efforts of the SBM team to address the unique needs of SMEs and provide innovative financial solutions that help them thrive,” stated Darmen Hurkoo, Head of Business Banking, SME & Microfinance at SBM Bank (Mauritius) Ltd.
The banking institution, celebrating its 50th year of operation this year, has consistently emphasized a customized client approach for entrepreneurs through financial solutions tailored to each stage of their journeys. As part of its proximity strategy, several SBM branches now feature dedicated counters for SMEs and micro-enterprises. Additionally, the bank has implemented various digital solutions to ease the operations of SMEs and micro-enterprises.