Mauritius | Finances

March 30, 2011

Barclays Mauritius made Rs 2.3 billion profit in 2010

This is the first time the threshold is crossed Rs 2 billion
Barclays Mauritius office

Barclays Mauritius office

Barclays Mauritius announces profit of Rs 2.3 billion for fiscal year 2010. This is the first time the threshold is crossed Rs 2 billion. Ravin Dajee, general manager of Barclays Mauritius, attributed the performance to several factors, including extraordinary income from the sale of "Custody Business" as announced in December 2010. 

He also believes that applying a new strategy and business management and identification of niches have also improved the performance of the bank. Ravin Dajee said that the offshore sector was a key driver of this performance. The "return on equity is increased from 16% to 27% in fiscal year 2010."

Barclays Mauritius intends to maintain and consolidate the progress of its activities at national and regional levels for the current year by focusing on specific strategies, innovation policy and, of course, the offshore sector. Furthermore, the concept of Electronic Channels is under construction. The ultimate objective of the bank is nothing more than to be the reference bank of Mauritians. 

 

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