Investec Mauritius, or Investec Bank (Mauritius) Limited, was rolled out in 1997 to provide different financial services for both corporate and affluent individual customers.
The bank is based in Mauritius, a global financial hub that attracts foreign investors due to its tax-advantaged treatment.
It is a unit of Investec Bank Limited.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me ([email protected]) or WhatsApp (+44-7393-450-837).
This includes if you are looking for alternatives or a second opinion.
Some of the facts might change from the time of writing, and nothing written here is formal advice. So, potential investors shouldn’t invest or decide not to invest based on this Investec Mauritius review alone.
For updated guidance, please contact me.
Investec Bank Mauritius Overview
Investec Mauritius provides various services that include:
- specialist banking
- multi-currency deposits and loans
- wealth management
- advisory and discretionary investment management services
- digital banking
The Investec Mauritius swift code is IVESMUMU.
Investec Mauritius Online Banking
It’s a simple and user-friendly platform.
Go to the Investec Mauritius login page to access your bank account.
You can easily conduct international banking operations by managing both your domestic and foreign accounts from a single dashboard.
You also have access to real-time balances and historical record. You can execute internal transfers and payments in multiple currencies.
You’ll be automatically enrolled in online banking if you’re an individual.
You have to designate people to use this online service if you are a business.
Is Investec bank safe?
The bank is a member of the Investec Group, which has been given good credit ratings by major rating agencies.
The Bank of Mauritius oversees its operations and guarantees adherence to regional banking laws and guidelines. Deposits and banking operations are safer thanks to this regulatory framework.
Investec Mauritius Financial Statements
Investec group logged a strong performance for the six months ended September 30, 2024.
Due to strong operational performance, the company’s revenue grew by 5.6% to 1.1 billion British pounds from 1.04 billion pounds in the prior period.
Adjusted operating profit also demonstrated strong business momentum amid a 7.6% increase to 474.7 million pounds.
Although it fell slightly from 14.6% to 13.9%, return on equity was still within the Group’s target of 13% to 17%.
EPS plunged 47.4% to 36.6 pence. This was primarily attributed to gains from strategic initiatives in the previous year.
Funds under management increased 11.9% to 23.4 billion pounds in Southern Africa thanks to net inflows and advantageous market conditions.
Investec Bank Mauritius Credit Rating
The credit ratings of parent Investec Bank Limited are:
- Fitch Ratings
Long-Term Ratings: Foreign Currency: BB-
Short-Term Ratings: Foreign Currency: B
- Moody’s
Long-Term Deposit Ratings: Foreign Currency: Ba2
Short-Term Deposit Ratings: Foreign Currency: NP
- S&P
Long-Term Deposit Ratings: Foreign Currency: BB-
Short-Term Deposit Ratings: Foreign Currency: B
Both Fitch and Moody’s gave Investec Bank Limited a stable outlook. S&P gave a positive outlook.
Investec Mauritius Interest Rates
The bank offers term deposits in Mauritian rupees with specific terms and conditions, and interest rates provided upon request.
For foreign currency term deposits, rates are determined based on the reference rate framework applicable to each currency.
There are several loan options and credit facilities available in Mauritian Rupees; specific terms can be requested.
Negotiable margins, based on specific agreements, are applied over LIBOR for foreign currency credit facilities.
Is Investec a good investment?
Some of the products or financing strategies from the bank include:
- low-risk call and fixed-term deposit accounts that are geared toward preserving wealth
- floating rate deposits which offer a moderate potential for wealth accumulation.
- tailored debt and equity products which are specialized financial instruments with different degrees of risk
- medium to long-term structured finance
- aircraft financing or leasing
- investments or loans backed by commodities
- interest-bearing loans
- loans secured by cash deposits
- real estate investment financing
- integrated resort and real estate schemes that finance only residential and commercial properties
- currency trading and hedging – these are high-risk options
Investec Mauritius Review: Final Thoughts
Investec Bank Mauritius is well-regarded for its effective online banking platform and individualized service.
They have investment products with varying risk levels, so it’s important to seek advice and gauge your risk before committing to any of the options offered.
Make sure to also learn the exact costs and charges they’ll levy so you can better assess if they’re the right fit for your targets.
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