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Loans and Overdrafts

Our industry specialist spare no effort to have a holistic view of your business with a view to tailor made the financial packages to suit your needs. Long-term or short-term commercial loans are available for business acquisition, equipment purchase, inventory, construction, expansion, working capital and more. Our business loans include:

Long term loans
Short term loans
Foreign currency loans
Working capital funding
Project financing
Leasing
GFA (Garantie financière d’achèvement)

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Mr SOOKUN Gooroodeo
Chairman & Independent Director

Mr Gooroodeo (Mahen) Sookun FCCA, MBA, CSK

Mr. Sookun is a fellow of the Association of Chartered Certified Accountants (ACCA) and holds an MBA (Finance) from the University of Leicester (UK). He has served in private and public companies during the last thirty years as a Corporate Finance Executive, in Mauritius and across Africa, in diverse sectors such as Public Utilities, Agriculture, Textile, Real Estate and Mining.

In Mauritius, Mr Sookun has served as a Finance Executive at the Central Electricity Board, FUEL Sugar Estate, Palmar Textiles Ltd, and as Head of Finance of the largest Real Estate Development Company, Anahita Estates Ltd. Currently Mr Sookun is the Executive Director of SB ProConsult Ltd, a Chartered Certified Accountancy Firm, which provides accounting tax and advisory services to a range of local and international clients.

The international career of Mr Sookun started in 1999 as a Finance Executive in Sena Sugar Estates in Mozambique (project developed by a Mauritian Consortium). From 2005 to 2007, he was the Group Finance Manager of Titanium Resources Limited, a company involved in Mineral Resources Development and Mining in Sierra Leone and listed on the AIM market of the London Stock Exchange. From 2008 to 2013, he was also the Director, CFO and Secretary of Diamond Fields International Ltd, a public company listed in Toronto having mining assets across Africa. From 2012 to 2017, Mr Sookun has also served as Director and CFO of an Australian (ASX) listed company involved in Mineral Sands Exploration investments in Africa

Apply for a vehicle lease

- - - - Apply for a vehicle lease facility through the App. You can check your eligibility and get your instant in-principle approval within 10 minutes.
        Registered Users just need to open the App, login, select the ‘Apply for Vehicle Leasing Facilities’ button, then the Start Application’ button and fill in the required details.
        Non –Registered Users just need to launch the App, select the ‘Apply for Vehicle Leasing Facilities’ button on the registration screen, select the ‘Start Application’ button, then the ‘Start Application’ button and fill in the required details.

Check your Balance

- - - - See what is your current balance and get an overview of your expenses through MauBank WithMe whenever the need arises. That’s 24/7 and from anywhere you are, as long as your mobile phone is with you.

Recharge your mobile

- - - - Recharge your mobile instantly and continue using your mobile, without the need of buying scratch cards. (Applicable to MyT, Emtel and Chili subscribers). Top up your phone anytime & anywhere, free of charge, starting from a minimum of Rs 25.

Credit Card Repayment

Repay your credit card on the go to manage your limit and keep enjoying your shopping experience.

- - - - A 45 day-interest-free period is what you get upon 100% payment before due date.
        
        Your credit card transactions are there to be verified anytime on your mobile phone, making the monitoring of your expenses easier.

Withdraw money from ATM cardless

- - - - Need to withdraw cash but your card is not on you? Use ‘Pay Cardless’ on WithMe again!Set the amount you need to withdraw on ‘Pay Cardless’ and send to your mobile phone number. You will receive an SMS with a code allowing you make a withdrawal on a MauBank ATM, even in the absence of your card.

Access with Fingerprint

- - - - No extra set-up required - WithMe works with the Touch ID which you may already have set up on your phone.

Access with Face Recognition

- - - - Use face recognition to log in if this is what you prefer. Face recognition scanners provide you with heightened security, and are very convenient. Your Face ID already set up on your phone works on WithMe.

Open a MauBank Account

- - - - Open an account on WithMe in 4 simple steps! Quick, convenient and straightforward! If you are 18 and are a Mauritian resident, get your ID card and a proof of address and start your account opening process anytime you feel like it.

Transfer Funds from your Foreign Currency (FCY) Account

- - - - Transfer from a Foreign Currency Account to an MUR Account (self, within bank and to other local banks)
        
        Transfer from a Foreign Currency Account to another account of the same currency (self, within bank and to other local banks)
        
        View Foreign Currency Account transactions/ Summary

Make Direct Debit Payments

- - - - Apply for your direct debit in favour of CWA (WMA), CEB, Mauritius Telecom – Fixed Line and Mauritius Telecom – Mobile, without visiting any MauBank Business Centre.

Request for a cheque book (if applicable)

- - - - Apply for a cheque book and request to collect the cheque book from your preferred business centre. You may also choose to allow a third party to collect it on your behalf.

Mr KOKIL Anil Kumar
Independent Director

Mr. Anil Kumar Kokil is a former Director (Economic and Finance) of the Ministry of Finance and Economic Development. During his professional career, he has contributed to and spearheaded the national budget preparations and policy making of successive Governments. He is presently a Consultant for both local and International Organisations, and a part-time Lecturer at the University of Technology, Mauritius.

He has previously been the Chairperson of the Skills and Information Technology Development Fund, and Chairperson and Assessor of several Disciplinary Committees and Commission of Inquiries appointed by the Public Service Commission and the Disciplinary Forces Service Commission and the Government. He has also acted as the Chief Executive of the Gambling Regulatory Authority.

The contributions of Mr. Kokil are also recognised at regional and international level. He was the Chairperson of the SADC Macro Economic Meetings held in South Africa and in Botswana as well as the Chairperson of the Committee set up by the SADC Ministers to look at the Self-Financing Mechanism for SADC. He was the Founder Member of the Collaborative Africa Budget Reform Initiative. He has been a Consultant on Migration for the World Bank, the European Union and the International Organisation for Migration, and has also contributed to several papers in International Publications. He actively participated in UN Annual Meetings of the Global Forum on Migration and Development, as Panelist and Moderator.

Mr. Kokil holds an MSc in Public Sector Management, a B.A (Hons) in Statistics with Economics from the University of Delhi and a Professional Certificate in Statistics from the Institute of Statisticians, UK. He has received professional training at the Institute of Development Studies UK; the IMF and World Bank in Financial Programming and Policies, and on Government Finance in Washington amongst others.

Mr SEMJEVEE Sivananda
Independent Director

Mr Sivananda Semjevee is currently the Managing Director of Logfret Services Ltd, a Clearing and Freight Forwarding Company. Prior to that, he was the Executive Director of World Speed Consolidators Ltd. For three years he was based in Madagascar where he was the Executive Director for World Speed Madagascar.

With his solid experience in Freight Forwarding services both at the national and regional level, Mr Semjevee has set up his own company in the field of Import and Export Agent Services since 2004. His business achievement makes him a successful entrepreneur and employer in his category.

Mrs VASSEUR-SONEEA Alexandra
Independent Director

Mrs. Alexandra Vasseur-Soneea is a Talent Acquisition Specialist currently working with Morgan Philips Group, one of the biggest recruitment firm in the world. She is well versed on the European financial market and specializes in recruitment for Private Banking, Wealth Management, Trust, Fiduciary and Private Equity institutions as well as commercial and investment banks. Her knowledge and experience in talent acquisition in the sector of finance have honed her skills in human resource strategy for large European companies. She also has sound knowledge of the energy and luxury sectors.

Mrs. Vasseur-Soneea holds an MBA from l' Université de Poitier in France, a Master 1 en Management and a Licence de Gestion from the Université de Poitier in France.

Mr JEETOO Mohamad Fardeen
Non-Executive Director

Mr. Fardeen Jeetoo is currently working as Acting Accountant, and in his capacity is in charge of the finance section of the Early Childhood Care and Education Authority (ECCEA).

Apart from his expertise and experience in Finance, Mr Jeetoo is also a young entrepreneur with strong business and innovation skills. He has vibrantly set up and managed businesses in the food sector and in consultancy.

Mr. Jeetoo holds a Bsc in Finance & Accounting from the University of Hertforshire (UK) as well as a Bsc in Business Management from the University of Southampton. (UK).

He is a member of the Bid Evaluation Committee (BEC) and the Secretary of the Finance Committee of ECCEA.

Mrs. K.Ranmondhur-Ruggoo
Independent Director

Mrs. K.Ranmondhur-Ruggoo holds the position of Deputy Permanent Secretary at the Prime Minister’s Office. She has a long career in the civil service, having served nearly 30 years in various ministries.

Mrs Ranmondhur-Ruggoo holds an MBA from University of Technology Mauritius, a BA in Financial Services from Napier University and a Diploma in Public Administration and Management from University of Mauritius

Mrs.V.K.Sumputh
Independent Director

Mr BEEJAN Manickchand
Chairman & Independent Director

Mr. Manickchand Beejan has a long and successful career with work experience in Government, state-owned enterprises, and private sector companies. He sat in capacities ranging from Chairman, Executive Director, and Independent Director on more than 40 Boards of companies that are involved in a diverse range of activities including insurance, equity investment, portfolio and wealth management, fund management, casinos, housing, property development, sugar sector, IT sector, commerce, and education.

Mr Beejan has more than 35 years of professional experience starting his career as Government Economist and successively moving up to the level of Managing Director of The State Investment Corporation Limited. His areas of competence include project conception, development, and implementation, designing innovative financial instruments, designing and implementing business processes, and long-range asset-liability matching with scenario planning. Mr Beejan was the Managing Director of the State Investment Corporation Limited and held directorship on various investee companies and also the Chairman of State Insurance Company of Mauritius Ltd. Mr Beejan is currently the Chairman of MauBank Holdings Ltd and EAMC Ltd.

Mr Beejan holds a B.A. Hons with Distinction in Economics from a Canadian University and an MSc in Financial Management from the University of London. His pastime includes complex modelling in EXCEL and trading at the stock market. He is a Certified Advanced Financial Modeller.

Mr RAMPERSAD Rabin
Non-Executive Director

Mr Rabin Rampersad is currently the CEO of SME Mauritius, having spent a major part of his career at senior management positions in the private sector both locally and abroad. He has curated experience in the FMCG sector and has successfully evolved in areas of Operations, Marketing, Logistics and Business development mostly on behalf of multinationals.

Mr Rampersad is also well versed in Strategic development, Business Restructuring and International Business, and as part of the senior Management teams, has been Member of the Board of Directors of several private sector companies.

Rabin Rampersad holds a Master in Business Administration, a Master in Marketing and Innovation, is a Chartered Manager, a Chartered Marketer and a Fellow of the Chartered Management Institute, UK.

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