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Mauritius: Financing of small and medium enterprises revolves about four billion rupees




From 1st December 2011 to 30 September 2014, it is 3.39 billion rupees which have been allocated to small and medium enterprises. These figures have been published by the Bank of Mauritius last Monday.
 
It is the Mauritius Commercial Bank (MCB) which has thus allotted most funds to the PME with an amount of 1.99 billion rupees.
 
In the second position the State Bank of Mauritius, SBM has released an amount of 679 million rupees and in the third position Barclays Bank has provided a total of 366 million rupees.
 
Among these three banks it is that the MCB has distinguished itself by rejecting the least projects amounting to 1.66% of a total of 2.65 billion rupees.
 
The rejection rate is 7.03% for the SBM and 4.56% for the Barclays, as indicated the Le Défi Quotidien newspaper.



Abu Bakr Siddeeq Ameeruddin


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