Corporate Philosophy
About us

MCB Group at a glance

MCB Group is an integrated banking and financial services player, offering tailored and innovative solutions through its local and foreign subsidiaries and associates. Building on its sound business model, the Group actively assists in the advancement of individuals and corporates. Through MCB Ltd which was established in 1838, the Group has cemented its position as the leading banking sector player locally, in the process playing a key role in promoting the socio-economic development of Mauritius over time. Moreover, underpinned by its market diversification strategy, the Group has carved out an increasingly prominent position in the region and expanded beyond, while broadening its footprint in the non-banking field. As a responsible corporate citizen, the Group promotes social welfare and natural resource protection.

Key facts and figures

Financial snapshot (as at 31 March 2017)
Total assetsMUR 344.0 billion (USD 9.6 billion)
DepositsMUR 273.6 billion (USD 7.6 billion)
LoansMUR 178.9 billion (USD 5.0 billion)
Shareholders’ equityMUR 44.9 billion (USD 1.3 billion)

Market positioning by cluster  




  • Over 950,000 individual and institutional customers
  • Market shares of some 38% and 45% of domestic credit to the economy and local currency deposits respectively and nearly 55% of cards issued
  • Network of 40 branches/kiosks redesigned around the ‘departmental store’ concept
  • 175 strategically-located ATMs  (of which 8 forex ATMs), representing 39% of the national park
  • Some 7,000 Point of Sale (POS) terminals, many of which are multi-currency and wireless
  • Above 150,000 registered Internet Banking customers (market share of 40%)
  • Wide range of mobile services: SMS Banking, Airtime refill through mobile phones, Mobile Banking and Mobile Payments (more than 110,000 registrations for ‘Juice’ mobile service) 
  • Workforce of some 2,600 employees

Foreign Involvement

MCB Ltd 

  • Activities principally led by the Corporate and Institutional Banking SBU and assisted by representative offices located in Johannesburg, Paris and Nairobi
  • Network of some 1,525 correspondent banks globally
  • Active promoter of the ‘Bank of Banks’ initiative; around 70 clients being serviced via this initiative during FY 2015/16
  • Participation in loan syndication as well as structured commodities and project financing  

Overseas entities

  • Foreign banking subsidiaries in MCB Madagascar, MCB Maldives, and MCB Seychelles
  • Overseas associates: Banque Française Commerciale Océan Indien (BFCOI - operating in Réunion Island, Mayotte and Paris) and Société Générale Moçambique.

Non-banking financial
  • Major player in factoring and leasing
  • Through MCB Capital Markets Ltd, investor-related services are provided namely corporate finance advisory, asset management, stockbroking, private equity and registry; 22 dedicated funds and structured products offered; assets under management of around Rs 22 billion (USD 600 m)
  • MCB Microfinance Ltd, launched in July 2016, to assist micro and small entrepreneurs

Other investments
  • MCB Consulting Services Ltd providing business solutions in around 20 countries;
  • Some 21 regional clients being serviced by International Card Processing Services Ltd in respect of their cards outsourcing needs;
  • MCB Forward Foundation entrusted with Rs 72 million in FY 2015/16; some 72 CSR projects were undertaken during the corresponding period