Welcome to ABCB Holdings Limited
ABCB Holdings Limited is a leading financial services holding company based in Mauritius, dedicated to delivering innovative and customer-centric solutions through its subsidiaries, including ABC Banking Corporation Ltd. As the parent company, ABCB Holdings Limited oversees a diverse portfolio of financial services, ensuring excellence, integrity, and sustainable growth in the financial sector.
ABCB Holdings Limited is committed to driving success through strategic oversight of its subsidiaries, ensuring they deliver exceptional banking, investment, and financial services to individuals and businesses alike.
News
Stay informed with the latest developments at ABCB Holdings.
Governance
Governance Framework
Board Charter
Board Committees
Financial Highlights
ABCB Holdings Limited is a leading financial services holding company based in Mauritius, dedicated to delivering innovative and customer-centric solutions through its subsidiaries, including ABC Banking Corporation Ltd. As the parent company, ABCB Holdings Limited oversees a diverse portfolio of financial services, ensuring excellence, integrity, and sustainable growth in the financial sector.
For detailed analysis, including charts and year-on-year comparisons, please refer to our annual reports.
*The above results reflect those of ABC Banking Corporation Ltd as at 30 June 2024. Acquisition by the Company on 4 April 2024.
Investor Relations
ABCB Holdings Limited is an exciting opportunity for individuals and institutions seeking to participate in the growth of Mauritius’ financial sector. As a publicly listed company on the Official Market of the Stock Exchange of Mauritius (SEM), we are committed to delivering value to our shareholders through strategic investments and prudent management.
About Us
ABCB Holdings Limited traces its origins to ABC Finance and Leasing, a company founded with a mission to provide leasing solutions to businesses in Mauritius. Over time, as client needs and market opportunities expanded, ABC Finance and Leasing transformed into ABC Banking Corporation Ltd, broadening its scope to deliver a comprehensive range of banking services, including retail, corporate, and international trade finance.
Contact Us
ABCB HOLDINGS
WEAL HOUSE
Duke of Edinburgh
Avenue, Place d’Armes,
Port Louis,
Mauritius
2024 – ABC Banking Corporation Ltd – All Rights Reserved – Business Registration Number: C07018920
About ABCB Holdings Limited
In 2024, this legacy of evolution culminated in the creation of ABCB Holdings Limited, established as the parent company of ABC Banking and other subsidiaries. This strategic step enhances the group’s ability to adapt swiftly to changing environments, pursue new opportunities, and optimize its diverse operations.
The company’s journey reflects a consistent commitment to adaptability and innovation. From its early days as a leasing provider to its current role as a diversified financial services group, ABCB Holdings has continually evolved to meet the demands of an ever-changing economic landscape. Each transformation has been guided by a clear purpose: to gain greater flexibility in operations, expand capabilities to serve a wider clientele, and create space for sustainable growth. This forward-thinking approach positions ABCB Holdings as a key player in the banking & financial services industry in Mauritius and beyond.
Guided by core values of integrity, excellence, innovation, and customer focus, ABCB Holdings is dedicated to delivering exceptional value to its shareholders, clients, and the communities it serves. Today, it stands as a testament to the power of strategic evolution, poised to navigate future challenges and seize emerging opportunities in the dynamic world of finance.
Our Mission
To empower our clients and stakeholders by providing superior financial services and investment solutions that foster growth, stability, and long-term value.
Our Vision
Our Values
Integrity: Upholding the highest standards of honesty and transparency in all our dealings.
Excellence: Striving for superior performance and continuous improvement.
Innovation: Embracing change and fostering creativity to meet evolving market needs.
Customer Focus: Placing our clients at the heart of everything we do.
Board of Directors
Mrs. Ah Foon Chui Yew Cheong
Independent Chairperson
Professor Donald Ah-Chuen
Managing Director
Vincent Ah-Chuen
Non-Executive Director
Mr. Bhanu Pratabsingh Jaddoo
Independent Director
Key Subsidiaries
ABC Banking Corporation Ltd
Established in 2010 as a full-fledged commercial bank, ABC Banking Corporation has rapidly emerged as a prominent player in Mauritius’ financial landscape. Operating from its headquarters at WEAL House in Port Louis, it delivers a comprehensive suite of banking services across four key pillars: Retail & Corporate Banking, Private Banking, International Banking, and Treasury.
With a team of experienced professionals guided by a visionary management team and an expert Board of Directors, it combines financial expertise with personalized service to meet the diverse needs of our clients. Its international reach was enhanced with the opening of representative offices in Hong Kong (2017) and Dubai (2021), establishing strategic connections between Asia, Africa, and the Middle East.
Further information is available at www.abcbanking.mu
ABCB Investments Ltd
ABCB Investments Ltd serves as the specialized investment arm of ABCB Holdings Limited, strategically positioned to manage the group’s non-banking activities and investments. Incorporated in 2024, it plays a pivotal role in the group’s diversification strategy, overseeing strategic assets including ABCB Properties Ltd and future investment opportunities.
With a mandate to optimize the group’s capital allocation and investment returns, it focuses on identifying, evaluating, and managing investments that complement the group’s core banking operations. As it continues to grow, ABCB Investments remains committed to creating sustainable value for its stakeholders while supporting the broader strategic objectives of ABCB Holdings and ABC Banking Corporation.
Governance Framework
Our company is governed by a Board of Directors comprised of a majority of independent directors, ensuring objective oversight and decision-making. The day-to-day management is entrusted to the Managing Director. The Board is also assisted by two specialized subcommittees that enhance our governance practices and help fulfill our responsibilities to shareholders and other stakeholders.
Board Charter
Our board charter(downloadable link) outlines the roles, responsibilities, and expectations of our directors, ensuring effective oversight and strategic guidance.
Board Committees
Audit and Risk Committee
The Audit and Risk Committee oversees the company’s financial reporting processes, internal controls, and risk management framework. This committee ensures the integrity of financial statements, monitors compliance with legal and regulatory requirements, and reviews the effectiveness of our risk management strategies. The committee maintains direct communication with both internal and external auditors to ensure comprehensive financial oversight.
Governance Committee
The Governance Committee focuses on board composition, succession planning, and corporate governance practices. This committee identifies and evaluates potential board candidates, reviews director independence, and ensures the board maintains appropriate skills and experience. Additionally, the committee develops and recommends governance guidelines and policies that promote ethical conduct and responsible corporate citizenship.
Mrs. Ah Foon Chui Yew Cheong
Independent Chairperson
Mrs. Ah Foon Chui Yew Cheong retired as a Judge of the Supreme Court of Mauritius in 2017 after a distinguished 40-year career in the legal and judicial service, including serving as Director of Public Prosecutions. She chaired the Institute for Judicial and Legal Studies (IJLS) from its inception in 2011 until 2021, leading numerous courses and workshops for the legal profession and judiciary.
She continues to contribute to Mauritian civil law and served as an independent expert witness in the 2019 case of UCP Plc v Nectrus before the High Court of England and Wales. She is a member of the Wildlife Justice Commission (WJC) Council and has chaired the Board of SOS Children’s Villages (Mauritius) since 2017, supporting family care for underprivileged children.
Her extensive legal expertise, leadership, and strong values make her an ideal Independent Chairperson of ABCB Holdings.
Professor Donald Ah-Chuen
Managing Director
Professor Donald Ah-Chuen holds an M.B.A (University of Strathclyde, UK). He is a Fellow of the Institute of Chartered Accountants in England & Wales and a Fellow of the Institute of Chartered Accountants of Australia and holds an M.C.I.P.D (Chartered Institute of Personnel & Development, UK). In March 2009, he was conferred the distinction of G.O.S.K. (Grand Officer of the Order of the Star and Key of the Indian Ocean) in recognition of his valuable contributions in the sectors of Banking & Financial Services and Tertiary Education. Professor Donald is a director of the Stock Exchange of Mauritius Ltd (SEM). He is also a director of ABC MOTORS COMPANY LIMITED and P.O.L.I.C.Y Limited, listed on the DEM and SEM respectively. He is a former Board Director of the Development Bank of Mauritius and the Bank of Mauritius. His other previous responsibilities include the Presidency of the Mauritius Chamber of Commerce and Industry and the Chairmanship of the Tertiary Education Commission of Mauritius. He was also Pro-Vice Chancellor of the University of Mauritius and Chairman of the Mauritius Broadcasting Corporation.
Vincent Ah-Chuen
Non-Executive Director
A seasoned entrepreneur, Vincent Ah-Chuen has been instrumental in the growth and diversification of the ABC Group of Companies, where he oversees the Shipping Cluster. He currently serves as Managing Director of the ABC Group and actively participates in various socio-cultural and religious non-profit organizations.
In December 2016, he obtained the World Business Leadership Excellence Award. He is the Chairman of P.O.L.I.C.Y Limited and MUA Stockbroking Ltd and a director of Phoenix Transafrica Holdings Ltd (Kenya). He also holds directorship in listed companies on the Official Market namely MUA Ltd & P.O.L.I.C.Y Limited.
Bhanu Pratabsingh Jaddoo
Independent Director
Mr. Jaddoo is a Fellow Member of the Institute of Chartered Accountants in England and Wales, and a Corporate Finance and Advisory specialist focusing on investment management and corporate development. During his career, Mr Jaddoo has held important executive roles and directorship in entities of the De Chazal Du Mée Group, and was the Chief Financial Officer and Director of Titanium Resource Group Ltd, a mining company listed on the London Stock Exchange. He also held the position of Managing Director of the Board of Investment between 2005 and 2010, and was the Secretary General of the Mauritius Chamber of Commerce and Industry (MCCI). He currently sits as an Independent Director on a number of Private Equity Funds and international boards, with a focus on risk management, governance and sustainability
