The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing. It is significant to note that from a ratings perspective, Bank One now ranks among the top 15 banks in sub-Saharan Africa. Commenting on the announcement, Mark Watkinson, CEO of Bank One said: “I am delighted that after working closely with Fitch Ratings over the past months, we have been awarded such a positive rating. The new rating confirms our reputation as a trusted partner for our customers and we look forward to growing our business in Mauritius and the rest of sub-Saharan Africa."
Distributed by APO Group on behalf of Bank One Limited.
Media Contact:
Ali Mamode, Head of Marketing & Communications
Tel: +230 202 9247, +230 5713 5924
Email: ali.mamode@bankone.mu
Virginie Couronne, Communications Specialist
Tel: +230 202 9512, +230 5258 2926
Email: virginie.appapoulay@bankone.mu
About Bank One:
Bank One is a joint venture between CIEL Finance Limited in Mauritius and Kenya-based I&M Group PLC. Over the last decade, it has built a client base of over 50,000, a dedicated team of over 425 experienced collaborators and an asset base exceeding MUR 45 billion. Bank One provides a wide range of banking products and services to its clients through a geographic footprint spread across the island of Mauritius, comprising of 7 branches and a well-distributed ATM network. It also plays an active role in supporting businesses in sub-Saharan Africa. Bank One has deep development finance institution relationships and long-term funding lines in place with the German Investment Corporation (DEG), the International Finance Corporation (IFC) and the French Development Agency (Proparco). Bank One has been rated 'BB-' with a Stable Outlook by Fitch Ratings.
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