New Distinction for SBM Bank (Mauritius) Ltd. Indeed, the bank celebrating its 50th anniversary this year has been awarded the ‘Best Bank for SMEs in Mauritius’ trophy at the prestigious Euromoney Awards for Excellence 2023. This accolade underscores the bank’s ongoing commitment to small and medium-sized enterprises (SMEs) and its dedication to supporting entrepreneurs in realizing their entrepreneurial ambitions. The Euromoney Awards for Excellence stand among the most highly regarded and coveted distinctions in the international financial world.
SBM Bank (Mauritius) Ltd was chosen for this award in recognition of its consistent efforts in meeting the financial needs of SMEs in Mauritius. Since its inception, the bank has steadfastly remained dedicated to entrepreneurs by providing tailored financial solutions at every stage of their journey.
“This new accolade reinforces our determination to support the SMEs in Mauritius and Rodrigues. Since our establishment, we have tirelessly worked to comprehend the unique needs of SMEs and offer innovative financial solutions that aid in their prosperity,” stated Mr. Darmen Hurkoo, Head of Business Banking, SME & Microfinance at SBM Bank (Mauritius) Ltd.
The bank offers a comprehensive range of products and financial services tailored to SMEs’ needs, including loans, credit lines, treasury, payment services, and access to dedicated financial advisors. This personalized approach has enabled numerous businesses to achieve their objectives and contribute to the economic vibrancy of Mauritius. Furthermore, several SBM branches now feature dedicated counters for SMEs and microenterprises as part of the bank’s proximity strategy.
“This ‘Best Bank for SMEs in Mauritius’ trophy underscores the soundness of our strategy in favor of SMEs and their entrepreneurs in the Republic of Mauritius. The bank will continue to work closely with its clients to assist them in navigating their entrepreneurial journey in an ever-evolving economic environment,” Mr. Hurkoo added.
The Euromoney Awards for Excellence are among the most prestigious trophies in the international financial world. Established in 1992, these awards were the first of their kind in the global banking sector. For the 2023 edition, Euromoney received a record number of bank nominations as part of its regional and national trophy program, which includes over 50 regional awards and the titles of the best bank in 100 countries.
