Integrated Annual Report

Overview

The report highlights SBM Holdings Ltd's performance for the fiscal year 2024, during which the Group achieved a profit before tax of MUR 5.6 billion, representing a 12.1% increase compared to the preceding year. SBM Bank (Mauritius) Ltd launched its new mobile banking application, SBM Tag, in December 2024, which saw rapid adoption. The Group also completed its strategic sustainability framework, aligning its operations with six priority UN Sustainable Development Goals. Additionally, SBM Holdings Ltd approved a subordinated debt issuance of up to MUR 5 billion to consolidate its Tier II capital base and support future growth.

Document

Report type: Integrated Report
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: Ends 31 December 2024
Language: English
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File size

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
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