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  • About us
  • Investors Corner
  • Overview

Investors Corner


The last financial year has been challenging to say the least, with another six-week lockdown at the beginning of the calendar year, coupled with the pandemic’s cascading impacts on the economy and businesses across the island. Individuals, SMEs and corporates in Mauritius are continuing to live through extremely precarious financial circumstances, while also having to manage the different levels of constraints we are faced with in our daily lives.

It has been particularly taxing for our employees to juggle the disruptions of another lockdown, all while remaining focused on serving our clients to the best of their ability. We supported our 750 employees as best we can through strict sanitary measures to keep them safe, flexible work arrangements where possible and applicable, and a vaccination campaign successfully coordinated by our HR team.

A heartfelt thank you goes out to all our employees for their concerted effort in supporting our clients and continuing to work hard to address their needs, in spite of the extraordinary difficulties they have faced over the last year and a half.

Cim Finance business review

Cim Finance has different areas of expertise, broken down in the following business units: Consumer Finance, Leasing, Cards & Payments, Factoring and SMEs. As illustrated in our organisational structure on pages 8 to 9, Cim Finance is the largest nonfinancial institution in Mauritius and is regulated by both the Financial Services Commission and the Bank of Mauritius for our Credit Cards services. By the scale and nature of our activities, Cim Finance
plays an essential role in the Mauritian economy, especially because our focus is very much on the mass market retail and SME financing—two segments that contribute to almost 50% of our economy.

Despite the second lockdown and negative impacts of COVID-19, the Finance cluster managed to record top-line growth during FY 2021. Net operating income increased by MUR 178m (+9%) from MUR 1.99bn in FY 2020 to MUR 2.17bn in FY 2021. Profit after tax increased by MUR 155m (+51%) from MUR 306m to MUR 461m, despite an increase in provisioning charges relative to pre-COVID-19 levels to take into account the adverse market conditions.

Cim Finance’s asset (loan) book increased by MUR 1.2bn (+8%) during the financial year, from MUR 14.6bn at 30 September 2020 to MUR 15.8bn at 30 September 2021. The balance sheet growth was largely driven by the Consumer Finance business.

Extract of the Group Review – Page 29 CFSL Integrated Report 2021

The year in context

After successfully becoming COVID-free in April 2020, Mauritius was affected by a second outbreak of infections in early 2021. This led to a six week lockdown in March, deferring yet again the resumption of economic activities and reopening of borders. This not only reversed some of the economic and social progress Mauritius made, but it also cast a shadow on the hopes we had of a recovery in 2021.

Consumers, businesses and communities are continuing to face significant economic and social hardships. Unemployment remains elevated and many households, particularly those employed in hospitality and other service industries, are still struggling with lost income and a lower purchasing power. In this context, our Consumer Finance and Leasing activities stood out as beacons of stability in helping businesses meet their cash flow needs and allowing households to maintain financial security.

Extract of the Chairperson’s Message – Page 19, CFSL Integrated Report 2021

  • Integrated Report 2021  download
  • Integrated Report 2020 download
  • Annual Report 2019 download
  • Annual Report 2018 download
  • Annual Report 2017 download

Share Price Information


Return on Equity


Increase in
Total Assets
(TO REACH MUR 16,647.5m)


Earnings per share

Share Price (Rs)

(MUR9.22) Year ended 30 September 2021

Opening of period


Dividend per share

(2021: MUR0.10) (2020: MUR0.16)

Dividend yield

(2020: 1.1%) (2020: 2.6%)