24 August 2020

The Bank of Mauritius (the ‘Bank’) has today, acting under section 17 of the Banking Act 2004 (the ‘Act’), revoked the Islamic Banking Licence of Century Banking Corporation Ltd (‘CBC’) with immediate effect.

The Board of the Bank has appointed Mr Huns Biltoo of KPMG Mauritius as receiver of CBC under section 75 of the Act.

Queries should be addressed to the receiver by phone on 4069860.

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