Africa Banking Finance Government Legislation Mauritius

Mauritius central bank revokes Century Banking Corp’s licence

Mauritius’ central bank has revoked the banking licence of Century Banking Corporation Ltd, it said on Wednesday, without stating the reasons for the move.

Century started operations as an Islamic lender in the Indian Ocean island nation in 2011, the bankers association said on its website.

The cancellation of the licence took effect on Aug. 24, the central bank said in a statement.

Also read: Mauritius stamped out the virus now it needs tourists

Source: Reuters

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: