Development Bank of Mauritius

The purpose of the bank as enshrined in the Development Bank of Mauritius Ordinance No 34 of 1963 was to facilitate the industrial, agricultural, and economic development of Mauritius. For example to bring into existence a single institution which would cater for the need of industry, agriculture, tourism and other activities that have relevance to the country’s economic development.

Further, it functions as an autonomous institution with decisions taken through a board of directors consisting of people coming from different walks of life. As a financing institution it followed what a prudent and forward looking banker should follow. The Development bank of Mauritius Limited adopted liberal and pragmatic policies and Procedures without at the same time sacrificing the virtues of orthodox banking and Finance, thus evolving a synthesis between dynamism and caution. The Bank keeps on evolving so that policy decisions of government are met and the common goals of the country are reached.