Company: SBM Holdings
Country: Mauritius
Sector: Regional Banks
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Mauritius (main operations centred in Port Louis)
Founded: 1973 (as the state-owned State Commercial Bank)
Valuation/Revenue: $422.0m market value (African Business Top 250, 2025); total assets ~US$3.34bn as of June 2011 (dated figure, per historical disclosures)
SBM Holdings Ltd is the parent company of SBM Bank (Mauritius), the second-largest banking group in Mauritius, offering commercial banking, capital markets, leasing, insurance and fund-services across Mauritius, India, Madagascar and Kenya. Originally established in 1973 as the state-owned State Commercial Bank, it has grown into a regionally diversified, publicly listed financial group.
What Does SBM Holdings Do?
SBM Holdings operates through subsidiaries offering retail and commercial banking, capital markets and treasury services, asset leasing, insurance, and investment fund administration. Historically described as holding around a quarter of Mauritius’s domestic banking assets, the group has expanded regionally, including into East Africa.
How Old Is SBM Holdings?
The bank was founded in 1973 as the State Commercial Bank, a government-established institution in Mauritius, before evolving into today’s diversified, listed financial group under the SBM name.
Is SBM Holdings Publicly Traded?
Yes. SBM Holdings (as State Bank of Mauritius / SBM) has been listed on the Stock Exchange of Mauritius (SEM) since 1995, and counted roughly 17,000 domestic and international shareholders in historical disclosures.
Who Owns SBM Holdings?
SBM Holdings is widely held by thousands of institutional and retail shareholders on the Stock Exchange of Mauritius. South African banking group Nedcor previously held a 20.1% stake, acquired in 1997 and sold back in 2005; current major shareholders were not independently re-verified in this research session.
How Big Is SBM Holdings?
Historical disclosures put total assets at approximately US$3.34 billion (MUR 95.7 billion) as of June 2011, with shareholders’ equity of roughly US$557.1 million — figures that are now well over a decade old and should not be relied on for a current assessment of the group’s size. According to African Business magazine’s Top 250 Companies in Africa (2025), SBM Holdings had a market value of approximately $422.0 million, ranking 279th among Africa’s largest companies — the most current independently sourced scale indicator available for this profile. The group has historically served around 527,000 customers through roughly 1,900 employees across 48 service units in Mauritius, India, Madagascar and Kenya.
What Has SBM Holdings Been in the News For Recently?
One of the group’s most significant strategic moves was its 2016-2017 acquisition of a majority stake in Kenya’s Fidelity Commercial Bank Limited, completed in May 2017 and subsequently rebranded as SBM Bank (Kenya) Limited — a deal that gave the Mauritian group a meaningful East African banking footprint outside its home market.
Who Is the CEO of SBM Holdings?
Current executive leadership could not be independently verified through live research in this session.
Where Is SBM Holdings Headquartered?
SBM Holdings is headquartered in Mauritius; a specific headquarters address could not be independently verified in this session, though the group’s main operations are centred in Port Louis, the Mauritian capital and financial hub.
How Do I Contact or Apply for a Job at SBM Holdings?
No independently verified careers page, LinkedIn company page or public contact email could be confirmed during this research session.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Q: What does SBM Holdings do?
A: It is the parent of SBM Bank, Mauritius’s second-largest banking group, offering commercial banking, capital markets, leasing, insurance and fund services.
Q: Is SBM Holdings publicly traded?
A: Yes, on the Stock Exchange of Mauritius since 1995.
Q: How old is SBM Holdings?
A: It traces to 1973, when it was founded as the State Commercial Bank.
Q: How big is SBM Holdings?
A: African Business magazine’s Top 250 (2025) valued it at approximately $422.0 million.
Q: Does SBM Holdings operate outside Mauritius?
A: Yes, including in India, Madagascar and Kenya, notably via its 2017 acquisition of Kenya’s Fidelity Commercial Bank, rebranded SBM Bank (Kenya).
Q: Where is SBM Holdings based?
A: Mauritius, with operations centred in Port Louis.