Nearly 15 years after its founding, ABC Banking embarks on a new era with the creation of ABCB Holdings. This new entity of the ABC Group, which now oversees the banking division, was officially listed on the main market of the Stock Exchange of Mauritius this Friday, April 4. It is the third Mauritian banking group to be listed on the main market of the Stock Exchange of Mauritius (SEM).
ABCB Holdings, which consolidates ABC Banking Corporation and the non-banking segment, ABCB Investments, is the result of a structural and strategic reorganisation approved by the bank’s shareholders last November. This stock market listing represents a new horizon for ABC Banking, the flagship financial institution of the holding company.
“This structure allows our segments to operate independently while remaining strategically aligned, thereby enhancing decision-making and resource allocation to foster growth as a banking group,” said Brian Ah-Chuen, Managing Director of ABC Banking.
The ordinary shares of ABC Banking Corporation were exchanged at a 1:1 ratio for new shares of ABCB Holdings. This transition ensures continuity while protecting the interests of the bank’s existing shareholders. The shares were trading at Rs. 20.25 on the morning of April 4, that is, the closing price of ABC Banking shares on March 27, and 50,000 shares were placed on the market at launch.
In addition to providing a valuable opportunity to enhance the company’s value, the listing of ABCB Holdings on the main market of the Stock Exchange of Mauritius also facilitates expanded access to capital and provides a solid foundation to support the bank’s ambitious growth. This development further allows the group to extend its horizons into non-banking financial services, both in Mauritius and internationally, while leveraging strategic partnerships.
Since its establishment in 2010, ABC Banking Corporation has consistently demonstrated its growth potential. Year after year, its strong performance underscores the institution’s strategic position as it enters a new phase of development.
ABC Banking Corporation: Sustained Growth Over 15 Years
The story of ABC Banking Corporation, built on solid foundations since its beginnings in 2010, is a testament to perseverance and vision. From its modest start as a leasing company to its evolution into a full-fledged commercial bank, the institution has adapted and expanded to meet the varied needs of its customers.
Today, the bank offers a comprehensive range of financial services, including structured financing, treasury management, cross-border banking services, private banking, and wealth management.
Thanks to its expertise and personalised approach, the bank has also positioned itself as a trusted partner for large corporations and high-net-worth individuals, cementing its key role in the financial sector in Mauritius and beyond. The bank has notably expanded its international reach, with offices established in Hong Kong in 2017 and Dubai in 2021.
