empowering
your prosperity

Annual Report 2024

A Financial Partner Rooted in Mauritius, Connected to the World

From our strategic position in Mauritius, we orchestrate bespoke financial solutions that bridge continents and cultures. Our deep understanding of African markets, combined with our domestic and international reach, allow us to offer access to one of the world’s most dynamic economic frontiers – not as mere observers, but as informed participants.

Since the story of global finance today is one of interconnection, we help sustainable success spread seamlessly across societies, both locally and internationally. In today’s global economy, we recognise that progress produces powerful ripple effects. Every breakthrough builds bridges beyond borders while cultivating community change. Leveraging CIEL Group’s century-long legacy of entrepreneurship and innovation and I&M Group’s deep-rooted financial expertise in East Africa, we blend local insight with international strength to unlock new opportunities and drive growth across Mauritius and beyond.

To our circle of clients, we offer more than a gateway to Africa – we provide a private passage to possibility, where wealth meets wisdom.

We help transform potential into performance. Through each thoughtful solution and strategic decision, we remain committed to our singular purpose: empowering your prosperity.

Chairperson’s
report

Global economic activity demonstrated greater than expected resilience in 2024. The year presented a mixed bag of challenges and opportunities, marked by significant transformation, shaped by global economic uncertainty, geopolitical instability, and shifting financial market dynamics. Despite inflationary pressures, supply chain disruptions, and rising interest rates impacting businesses and consumers, Bank One remained steadfast in its commitment to sustainable growth and long-term value creation.

Roselyne Renel

Moonesar (Sunil)
Ramgobin

CHIEF EXECUTIVE OFFICER’S REPORT

I am pleased to present my first Bank One Annual Report for 2024. Since assuming office in mid-October, the focus in the beginning weeks was on understanding our franchise by engaging with our people, customers, shareholders, regulators, and ecosystem partners. This has provided me with a profound understanding of the Bank One business model, strategy, operations, and the meaningful impact we have both locally and beyond borders in our pursuit of empowering prosperity.

At a glance

Our Purpose

Empowering your

prosperity

Our Strategic Aspiration

Becoming Africa’s

preferred gateway

Our Values

Integrity
We are truthful, ethical and committed to doing the right thing.

Innovation
We are creative, bold and embrace doing things differently, with our customers in mind.

Courage
We speak up, hold each other to account and challenge each other to constantly improve.

Respect
We value everyone and treat them with respect and fairness.

Trust
We believe in, count and rely on each other to deliver consistently and walk the talk.

Collaborators

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Clients

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FINANCIAL HIGHLIGHTS