Following the announcement in July 2020 to review its banking operations in various geographies and thereby its exit from the Seychelles, the Board of SBM Holdings Ltd (the “Board”) wishes to advise its Shareholders and the public in general that SBM Bank (Seychelles) Limited (“SBMBS”) has surrendered its banking license on 18th of December 2020 to the Central Bank of Seychelles (“CBS”).
To ensure an orderly exit and to ascertain that the interests of depositors and the public in general are safeguarded, SBMBS, in collaboration with the CBS, has engaged a Supervising Agent to oversee the closure process.
By order of the Board
19 December 2020
This Communiqué is issued pursuant to Listing Rule 11.3 of the Stock Exchange of Mauritius.
The Board of Directors of SBM Holdings Ltd accepts full responsibility for the accuracy of the information contained in this Communiqué.