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 December 2016)
Total assetsMUR 336.0 billion (USD 9.3 billion)
DepositsMUR 266.8 billion (USD 7.4 billion)
LoansMUR 177.0 billion (USD 4.9 billion)
Shareholders’ equityMUR 42.9 billion (USD 1.2 billion)

Market positioning by cluster  

Banking

Local

MCB Ltd

  • Above 945,000 individual and institutional customers
  • Market shares of above 40% in respect of domestic credit to the economy and local currency deposits and more than 50% of cards issued
  • Network of 40 branches/kiosks redesigned around the ‘departmental store’ concept
  • 174 strategically-located ATMs  (of which 8 forex ATMs), representing 38% of the national park
  • Above 7,000 Point of Sale (POS) terminals, many of which are multi-currency and wireless
  • More than 145,000 registered Internet Banking customers
  • Wide range of mobile services: SMS Banking, Airtime refill through mobile phones, Mobile Banking and Mobile Payments (more than 92,000 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 over 1,600 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 stockbroking, corporate finance advisory, investment management and registrar & transfer agent as well as structuring and placing equity and debt instruments; 22 dedicated funds and structured products offered; assets under management of some Rs 22 billion (USD 598 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 24 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