The Seychelles Commercial Bank formerly known as ‘Seychelles Savings Bank’ came into being more than100 years ago. The Bank presently conducts fully fledged commercial banking activity, including housing loans and foreign exchange operations under the Financial Institutions Act, 2004, as amended.
The Government of Seychelles holds majority shares (76.55%) whilst account shareholders and staff hold 23.45% shares in the Bank. The Government intends to hold only 60% ownership in the Bank and hence planning to come out with an offer to sell the balance of 16.55 % to accountholders.
The Bank earned an Operating profit of SR17.37 million and after tax profit of SR9.45 million as at end December, 2012.
The Seychelles Commercial Bank seeks to meet fully and efficiently all the banking needs of its customers.
In 2013, the Bank revamped itself in terms of new name, logo, font and slogan. Significantly, it repositioned itself so as to refelect the true nature of its activities which involoves not only catering to low income earners, but also providing all types of commercial banking facilities. Some of the new initiatibves by the Bank are:
Upgrading of its banking sofware
- Setting up of a website
- Internet Banking
- SMS/Mobile Banking and many more…
The Bank projects a profit after tax of SR14.4 million in the year 2015.
Website: Website under construction
Head Office: PO Box 531, Orion Mall, Victoria, Mahé, Seychelles
Tel: +248 429 40 00
Fax: +248 422 47 13