Bank One has achieved a rare triple accolade on the global stage, winning international awards that recognize excellence in small and medium enterprise (SME) banking, private banking and custody services.
The honors affirm the bank’s strategic positioning in Mauritius and across the Indian Ocean region, highlighting its growing role in supporting business growth, wealth management and institutional investment services.
The awards, conferred by Global Finance magazine and CFI.co, are among the most respected in the financial sector, evaluated through rigorous criteria including innovation, performance, customer service, and market responsiveness.
Bank One was named Best SME Bank in Mauritius and Best Private Bank in Mauritius by Global Finance, while CFI.co recognized the institution as the Best Custodian Bank in the Indian Ocean.
These distinctions collectively reinforce Bank One’s reputation as a versatile financial institution capable of meeting diverse client needs: from burgeoning businesses to high-net-worth individuals and global investors.
Bank One international awards reflect not only domestic strengths but also the bank’s expanding reach and competitiveness in the broader African financial landscape.
Small and medium-sized enterprises are widely acknowledged as engines of economic growth in Mauritius, contributing nearly one-third of the country’s gross value added and employing close to half of the national workforce.
Bank One’s recognition as the Best SME Bank underscores its commitment to serving this vital segment with tailored financing solutions, advisory support and growth-oriented banking services.
Sunil Ramgobin, Chief Executive Officer of Bank One, emphasized that the awards are a testament to sustained client trust and the efforts of the bank’s workforce.
“These awards are the result of our teams’ dedication and our clients’ confidence in the way we do business,” he said. “We are focused on delivering banking that is intelligent, responsive and grounded in real needs.”
By providing customized credit facilities, cash-flow management tools and financial insights tailored to the unique challenges of SMEs, Bank One aims to foster enterprise resilience and expansion, particularly important in an economy where SMEs are foundational to employment and innovation.
In the private banking arena, Bank One’s accolade as Best Private Bank in Mauritius highlights its services designed for wealthy individuals and families, particularly those with complex financial needs spanning jurisdictions and asset classes.
The award reflects the bank’s strategy of delivering personalized wealth planning, investment solutions and advice aligned with evolving client aspirations and global financial trends.
Mauritius, increasingly recognized as a hub for regional wealth creation, is projected to see significant growth in its affluent population in the coming decade.
Against this backdrop, Bank One’s private banking services are positioned to attract and retain clients seeking global investment access, tax-efficient structures and bespoke financial planning.
The third award, for Best Custodian Bank in the Indian Ocean, recognizes Bank One’s robust custody infrastructure that supports institutional and intermediary clients managing cross-border portfolios.
Custodial services are critical in ensuring secure asset safekeeping, efficient settlement processes and compliance with international market standards.
CFI.co praised Bank One’s technology-enabled offerings, which include near-instant portfolio reporting, integrated access to Euroclear systems, and multi-currency support tailored for African markets.
These capabilities facilitate seamless trading and asset servicing across time zones, enhancing appeal to global investors with interests in the region.
Leadership at Bank One emphasizes that the awards mark milestones in a broader strategy focused on innovation, client engagement and regional integration.
Guillaume Passebecq, Head of Consumer Banking, Private Banking & Wealth Management, noted that while SME banking, private banking and custody services each require specialized approaches, the common thread is a commitment to precision, speed and relevance.
“Each of these segments demands a distinct approach,” Passebecq said. “What ties them together is our commitment to precision, speed and relevance. In SME banking, we work closely with entrepreneurs to unlock growth.
In private banking, we tailor solutions that evolve with our clients’ ambitions. And in custody, we deliver the infrastructure and insight that institutional investors need to operate confidently across borders.”
Bank One is also advancing its physical and digital footprint through initiatives such as the Bank One Tribeca Lounge, a client-centric space designed for enhanced engagement, collaboration and personalized service delivery. The move reflects a strategy that integrates digital innovation with high-touch client experiences.
The recognition of Bank One international awards comes at a time when African financial markets are under rising global attention, driven by technological adoption, cross-border investment flows, and deepening integration under frameworks such as the African Continental Free Trade Area (AfCFTA).
Institutions that demonstrate excellence across service lines are well-placed to capture emerging opportunities in SME finance, wealth management and institutional custody.
For Mauritius, the accolades add to the island nation’s profile as a financial services hub linking African and international markets. Bank One’s performance signals the potential for domestic firms to compete on a global stage while supporting regional economic development goals.
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