Mauritian Banks Get 60% of Profit From Abroad, Dajee Says

Mauritian lenders earn about 60 percent of their profit from cross-border trade, said Ravin Dajee, outgoing chairman of the Mauritius Bankers’ Association.

Growth in the domestic banking industry will be lower than last year, he said in a transcript of an interview published by the Port Louis-based Business Magazine today.

Bad debts are less than 2 percent in the industry, he said.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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