National Commercial Bank Mauritius
From Wikipedia, the free encyclopedia
National Commercial Bank Limited, commonly known as NCB, was a financial institution based in Mauritius with its head office situated in Port Louis.[1] It was one of the commercial banks licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator.
| |
| Type | State owned |
|---|---|
| Industry | Financial services |
| Predecessor | Bramer Banking Corporation |
| Founded | 9 April 2015 |
| Defunct | 4 January 2016 |
| Fate | Merged with Mauritius Post and Cooperative Bank |
| Successor | Mauritius Bank |
| Headquarters | , |
| Products | List
|
| Website | www |
History
National Commercial Bank Limited was incorporated on Thursday April 9, 2015 and issued a commercial banking license by the Bank of Mauritius on Friday April 10, 2015. National Commercial Bank acquired the assets and some liabilities of the now defunct Bramer Banking Corporation.[2] This was after Bramer Banking Corporation's banking license was revoked by the Bank of Mauritius following a liquidity crisis at the bank.[3][4] The bank accounts and operations of the former Bramer Banking Corporation were transferred to NCB on Saturday April 11, 2015.[1]
On Monday January 4, 2016, NCB was merged into state-owned Mauritius Post and Cooperative Bank to form Mauritius Bank (MauBank).[5][6] The newly formed bank received a banking licence on the same day.[7]
Ownership
National Commercial Bank was wholly owned by the Government of Mauritius.[1]
Leadership
The directors of National Commercial Bank were:
- Mr. Said Lalloo - (Chairman), appointed on April 9, 2015.
- Mr. Pravin Cumlajee (Director), appointed on April 9, 2015.
- Mr. Youk Siane Yip Wang Wing (Director), appointed on April 6, 2015.
- Mr. Anoop Nilamber (Director), appointed on April 6, 2015.
- Mr. Ram Prakash Nowbuth (Director), appointed on April 6, 2015.
- Mr. Nayen Koomar Ballah (Director), appointed on April 6, 2015.
- Mr. Louis Mario Hennequin (Director), appointed on April 8, 2015.
- Mr. Ashraf Esmael (Director), appointed on April 9, 2015.
