Annual Report
2017

Chairperson's Report


Bank One has continued to expand into new geographies like Bangladesh, Vietnam and Sri Lanka to name a few and to onboard new clients so as to diversify our portfolio. The accent has been on tidying up the existing portfolio with a very selective approach to fresh business.

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Sandra Martyres
Chairperson

CEO's Report

Ravneet Chowdhury
Chief Executive Officer


2017 has been a year of both consolidation and growth for the bank. The steps we have taken since 2014 have made a significant difference despite a challenging operating environment both domestically and internationally. We were able to manage our credit risk well, clean up our asset book and lay a strong foundation for the future. As we move towards our ten years of existence, I am glad to say that we have a lot to be proud of, and many opportunities yet to seize.


Performance Highlights
Read CEO's report

BALACHANDRAN C.P.
DEPUTY CHIEF EXECUTIVE OFFICER

Mr. Balachandran assumed the office of Deputy Chief Executive Officer from February 2014 until the expiry of his contract in February 2018. Mr. Balachandran holds a first class degree and professional certifications from IIBF (India), IFS (UK) and ICA (UK). He is also a CDCS Advocate from the London Institute of Banking & Finance. He is a seasoned banker with extensive experience at Senior Management level covering the entire banking operations - Treasury & International Trade, Credit, Foreign Exchange, Operational Risk Management, Compliance, Administration, Finance, Human Resources, Information Technology, ALM, MIS, Regulatory Reporting, Vigilance - spanning over three and a half decades in four reputed international banks before joining Bank One.

BALACHANDRAN C.P.
DEPUTY CHIEF EXECUTIVE OFFICER

Mr. Balachandran assumed the office of Deputy Chief Executive Officer from February 2014 until the expiry of his contract in February 2018. Mr. Balachandran holds a first class degree and professional certifications from IIBF (India), IFS (UK) and ICA (UK). He is also a CDCS Advocate from the London Institute of Banking & Finance. He is a seasoned banker with extensive experience at Senior Management level covering the entire banking operations - Treasury & International Trade, Credit, Foreign Exchange, Operational Risk Management, Compliance, Administration, Finance, Human Resources, Information Technology, ALM, MIS, Regulatory Reporting, Vigilance - spanning over three and a half decades in four reputed international banks before joining Bank One.

RANJEEVESINGH (RANJEEVE) GOWREESUNKUR
CHIEF FINANCIAL OFFICER

Fellow of the Association of Chartered Certified Accountants and a registered Professional Accountant with the Mauritius Institute of Professional Accountants, Mr. Gowreesunkur also holds an MBA with Finance from Heriot-Watt University. He has more than 20 years of extensive experience in the banking sector having worked in different departments at Union Bank, First City Bank, SBI (Mauritius) and Deutsche Bank (Mauritius). He joined Bank One in 2008 as Financial Accountant and after being subsequently appointed as Finance Manager, Mr. Gowreesunkur was promoted as Chief Financial Officer in August 2014.

SALEEM UL HAQ
CHIEF OPERATING OFFICER

Mr. Saleem ul Haq joined the Bank in December 2017 and assumed the office of Chief Operating Officer for Bank One since March 2018. He holds a Bachelor in Business from Karachi University and a Masters in Business Administration from the Institute of Business Administration, Karachi, Pakistan. He is a career banker with in-depth exposure and extensive experience at Senior Management level covering the entire banking operations (Credit, Operational Risk Management, Administration, Information Technology, Payments and Retail Banking). Most recently, Mr. ul Haq was Chief Operating Officer for Absa Cards & Payments business, Chief Operating Officer for Barclays Bank Egypt and Regional Head of Operations for Emerging Markets. His career spans over 25 years in over 24 geographies in Asia, Middle East and Africa for Barclays and Citigroup before joining Bank One.