Bank One I (IFC-41930)

  • Mauritius
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 10, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 37.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2019

Disclosed by Bank May 9, 2019

Contribute Information
Can you contribute information about this project?
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Project Description

According to bank documents, the proposed project consists of a senior loan of up to USD37.5 million to Bank One Mauritius. The IFC loan will strengthen the Bank’s long-term funding position and support the expansion of its lending operations to Small and Medium Enterprises (“SMEs”).

Investment Description
  • International Finance Corporation (IFC)

The proposed project consists of a senior loan of up to USD37.5 million.

Financial Intermediary
Private Actors
Private Actors Description

Bank One is a joint venture between I&M Holdings (market capitalization of USD430m), based in Kenya, and CIEL Group (market capitalization of USD345m), based in Mauritius. Its indirect owners also include the family company Minard Holdings via I&M, and the investment group Amethis Finance via Ciel. 

Contact Information

Bank One Limited 
+230 202 9200 
16, Sir William Newton St, Port Louis, Mauritius


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