stˈeɪt bˈæŋk ʌv mɔːɹˈɪʃəs ˌɛsbˌiːˈɛm, ɪz ɐ bˈæŋk ɪn mɔːɹˈɪʃəs ðætðə bˈæŋk ʌv mɔːɹˈɪʃəs, ðə nˈæʃənəl bˈæŋkɪŋ ɹˈɛɡjʊlˌeɪɾɚ, hɐz lˈaɪsənst æz ɐ kəmˈɜːʃəl bˈæŋk.
State Bank of Mauritius (SBM), is a bank in Mauritius that the Bank of Mauritius, the national banking regulator, has licensed as a commercial bank.