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Barclays was the first to open up banking in the Seychelles in the 1950s and will maintain its dominant position in the local retail banking sector while expanding its finance activities particularly on Africa-related business, the Managing Director of Barclays Bank Seychelles, Mr Johan Van Schalkwyk said.

Mr Johan Van Schalkwyk

“We were the first bank established in the country, as well as pioneers in the banking and finance sector. Today, we continue to be a key player in the Seychelles economy,” Mr Van Schalkwyk told Mercury Lux in an exclusive interview for China Economic Review. Barclays, which hasa comprehensive network of ten offices and branches and many ATMs around the country, is now part of the South Africa-based Barclays Africa Group (BAGL).

Barclays remains the popular choice for retail banking and is increasingly offering more sophisticated and innovative products to satisfy its growing clientele and protect market share, unaffected by a recent change in shareholder status with Barclays PLC reducing its shareholding in BAGL.

“Our aspiration is to remain the number one bank and we have many unique advantages for innovative products. We will continue to be part of the Barclays Africa Group Limited (BAGL), which is a very strong and well-capitalised banking group with lots to offer to our diverse customer base,” the Managing Director explained.

Barclays is particularly well-placed to help Chinese companies use the Seychelles as a stepping-stone. “We are part of a Pan-African bank with a footprint on the African continent as well as Seychelles and Mauritius and we can leverage our expertise as the facilitator,” he said.

Barclays Bank