Corporate Philosophy
About us

MCB Group at a glance

Overview

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. The Group is present in 9 countries overseas via its subsidiaries and associates. As a responsible corporate citizen, the Group promotes social welfare and natural resource protection.

The entities of the Group are organised in three distinct clusters namely Banking, Non-Banking Financial and Other Investments. The ultimate holding company is MCB Group Limited which is listed on the official market of the Stock Exchange of Mauritius Ltd (SEM) since 3 April 2014.


MCB Group StructurePDF 344KB

Brief History

It all started in 1838...

A group of traders, led by James Blyth, see the need for a second bank in Mauritius. They establish 'La Banque Commerciale de Maurice' which starts business on 1 September 1838 in premises situated at the Rue de Paris (now Sir Seewoosagur Street) in the capital, Port Louis. In 1839, Queen Victoria grants a Royal Charter to the newly established bank for a period of twenty years under the name of 'The Mauritius Commercial Bank' (MCB). The charter is renewed every twenty years until 18 August 1955 when the Bank becomes a limited liability company. Five years later, it moves to the current location of its headquarters at Sir William Newton Street (at the time, Rue de l'Eglise).
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Key Financial Highlights

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)


MCB Group Fact SheetPDF 814KB