The National Commercial Bank (NCB) Ltd, a wholly state-owned entity, set up to take over the assets and liabilities of the former Bramer Bank, is fully operational as from today.
Following the issue of a banking Licence by the Bank of Mauritius, the NCB Ltd, which is operating at all the 20 places of business of the former Bramer Bank, is providing full-scale banking services to all its customers.
The Signing of Agreement for the transfer of accounts and operations of the former Bramer Bank was held on Saturday 11 April between the Receivers of Bramer Bank (In Receivership) and the National Commercial Bank in Port Louis.
The signatories were the Receivers of the former Bramer Bank, Mr André Bonieux and Mr Mushtaq Oosman, and members of the Board of Directors of the NCB, namely the President Mr Said Lalloo and Mr Patrick Yip.
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