Mauritius

October 31, 2012

200 Jobs Threatened at DBM

They are 200 employees of the Development Bank of Mauritius (DBM) to fear for their jobs. The bank wants to refocus its activities and looking for a partner.

Last week a meeting between management and delegation, composed mainly of bankers, took place.

Requested by the express direction of the bank did not want to say more. Seetohul Roshan, Chairman of the Board of Directors has, he confirmed the interest of the Indians. And noted that "it is a fact that there is an over-staffing in the DBM.

But those who speak of dismissal were not all elements. There are many factors to take into consideration before arriving at this event. "

After a statement of the assets of the DBM, the delegation returned to the Great Peninsula to make a decision. The Indians could say, buy some government actions in the bank. Another option is getting a partnership with DBM injecting money to the bank seeks new niches to exploit.

"So far, they have not yet made concrete proposals reveals Roshan Setohul. The various options are open. "DBM, he said, is looking for a bank that has experience in the SME banking. "No Mauritian bank has this expertise. Even the DBM, we have no experience needed, "says the chairman of board.

Adding that the bank may engage in discussions with other foreign companies. 
however, in the banking sector, it is stated that the DBM is losing money with its SME Scheme. And if she continues on this path, it will slow to a dead ...

 

Text by lexpress.mu
 

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