CHAIRPERSON’S
STATEMENT

SANDRA MARTYRES

The year 2019 has been yet another eventful one, marked by controversies and a seemingly unending parade of crises, natural calamities, protests and - more recently - the deadly corona virus that made its appearance in Wuhan, China and spread rapidly across the world taking the proportions of a pandemic.

CEO’s
REPORT

RAVNEET CHOWDHURY

It is my privilege as outgoing CEO to share Bank One’s strategy and performance for the year 2019. I am delighted to report record numbers for the Bank for the period under review, with total operating income growing by 18% and crossing the MUR 1.5 billion mark for the first time ever. Additionally, the Bank reported profits after tax of MUR 630 million for the year under review, which represent a 60% momentum as compared to 2018. This growth was fueled by strong momentum on the balance sheet with deposits growing by 44%.

AT A
GLANCE