Seychelles Commercial Bank was formerly known as Seychelles Savings Bank.
The Seychelles Savings Bank Act (Cap 208) allows Seychelles Savings Bank to engage in certain banking activities from 1 January 1981.
In 1992, the Government of Seychelles registered Seychelles Savings Bank as a limited liability company under the Companies Act, with majority shares owned by the Government of Seychelles.
The Seychelles Savings Bank Act (1981) was repealed on 9 July 1996, and in 1997, the bank was licensed to carry out "domestic banking" under the Financial Institution Group Act (Cap 79) issued by the Central Bank of Seychelles.
Additionally, in 1997, the bank took over the Mortgage Finance Corporation Limited's home loan portfolio.
The bank was renamed Seychelles Savings Bank on September 27, 2013.
The bank currently carries out full commercial banking under the Financial Institution Group Act 2004, as amended.
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Finance.Wiki reminds you that the data contained in this website may not be real-time or accurate. The data and prices on this website may not be provided by the market or exchange, but may be provided by market makers, so the prices may not be accurate and may differ from the actual market prices. That is, the prices are only indicative prices, reflecting market trends, and are not suitable for trading purposes. Finance.Wiki and the providers of the data contained in this website are not responsible for any losses caused by your trading behavior or reliance on the information contained in this website.
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