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AfricaMay 2 2017

Mauritian banks think beyond home comforts

Careful cost management and diversification have yielded solid profits for Mauritius’s banks. And with the government now focusing on SMEs, many banks are now developing their services for this sector while also expanding their footprint abroad. James King reports.
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Faced with a regional economic slowdown and a sub-optimal domestic operating environment, Mauritian banks should be struggling. Instead, the country's lenders have overcome these challenges to post solid growth numbers in the past year.

This performance reflects the efforts by most banks to cut costs, diversify their activities and develop innovative products and services to support growth. For a relatively small market, these achievements are one of the more promising stories emerging from the region in recent times.

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