A new commercial bank, ABC Banking Corporation Ltd., began operations on Thursday in Port-Louis, Mauritius, PANA reported from here.
ABC Banking Corporation, the 19th to join the banking sector in Mauritius, has a capital of 300 million rupees (US$10 million).
It belongs to the ABC group created in 1931 and operating in the area of retail, insurance, car industry and maritime transport.
This group now ranks 18th among the top 100 companies in Mauritius