Besides its domestic operations in its various geographies of operations, the Group aims to facilitate the cross-border financing opportunities for trade and investment along the Asia-Africa corridor.
SBM Group's total assets have continued to maintain their growth momentum and subsequently increased by 15.1% from MUR 226 billion as at 31 December 2018 to MUR 260 billion as at 31 December 2019. On the other hand, total customer deposits (excluding banks) increased from MUR 169 billion as at 31 December 2018 to MUR 199 billion as at 31 December 2019. Additionally, as at 31 December 2019, the group has a Capital Adequacy Ratio of 22.1% [well above the minimum regulatory level of 13.375%] and excellent liquidity.
We are consistently ranked among the Top 1,000 world banks by The Banker magazine, a publication of the Financial Times and have improved our position to 45th in the Top 200 Banks in Africa by The Africa Report 2019. At the international level, we have received several awards, including the prestigious Best Bank Mauritius in 2018 by The Banker and in 2019, Capital Finance International recognised our expansion strategy by conferring upon us the Best Financial Group Indian Ocean Rim 2019 as well as the Best Growth Strategy Kenya 2019.
SBM Group offers a broad range of financial solutions to its clients. In addition to banking services, SBM also provides comprehensive non-banking financial services in Investment Banking, Asset Management, Securities Brokerage, Private Equity, Factoring, Investment Advisory, Registry, Fund Management and Insurance Agency. The Group also operates a non-financial cluster for investments. Clients are serviced through our multi-channel capabilities, including branches and counters, ATMs, POS, internet banking, mobile banking, e-commerce portal and call centre, to deliver a seamless customer experience.