Mauritius

Mauritius has 18 licensed banks, a mix of domestic and foreign-owned institutions, with domestic-owned banks holding around 80% of total assets. Banks account for nearly 90% of domestic financial sector assets. Four banks are designated domestic systemically important: The Mauritius Commercial Bank, SBM Bank (Mauritius), Absa Bank (Mauritius) and AfrAsia Bank. The Herfindahl–Hirschman index rose to 1,844 in December 2025, indicating a moderately concentrated market in which the two largest D-SIBs hold a significant share of assets.