SBM Bank

SBM Bank is the banking arm of Mauritius-headquartered SBM Group, serving individuals, private banking clients, SMEs, corporates, and institutions across Mauritius, Kenya, and Madagascar.

Key capabilities include:

• Retail banking: personal loans, home loans, auto leasing, education financing, and savings and current accounts
• Private banking and wealth management for high-net-worth clients
• SME and corporate banking: import loans, asset financing, overdrafts, project financing, merchant services, and POS acquiring
• International and treasury services: trade finance, global business and custodian services, currency trading, and fixed-income investments
• Digital banking through internet banking, e-commerce tools, and the SBM Tag mobile app, which replaced the older SBM Mobile Banking app in 2025

Available on Web, Android, and iOS.

SBM traces back to the government-established State Commercial Bank, founded in 1973 and listed on the Stock Exchange of Mauritius in 1995. It restructured under SBM Holdings as a non-operating holding company, with SBM Bank (Mauritius) Ltd as its main banking subsidiary. The bank expanded into Madagascar in 1998 as a full retail bank, into Kenya in 2017 (acquiring Fidelity Commercial Bank, then absorbing the bulk of Chase Bank Kenya's assets in 2018), and also runs smaller branches in India (Mumbai, Chennai, and Hyderabad) focused mainly on corporate and trade banking.

In Mauritius alone, the bank reports MUR 322.2 billion in total assets and MUR 279.3 billion in deposits (December 2025), across 45 branches, 137 ATMs, and around 565,000 customers.