With a dominant market position on the local side, MCB is well inspired to expand beyond the shores of Mauritius as early as 1991. Today, on the strength of its sustained international expansionary drive and regional rebranding initiatives, the MCB brand is visible in Madagascar, Maldives and Seychelles. The Group has also consolidated its presence namely in Réunion, Mayotte and Paris through its associate, BFCOI and in Mozambique via its other associate Société Générale Moçambique. MCB opened representative offices in Paris (France), Johannesburg (South Africa) and Nairobi (Kenya). Moreover, the Group is actively involved in project and trade financing in various countries of the sub-Saharan region, while being engaged in other markets such as India.
In line with its strategy to diversify its markets, MCB expanded into non-banking financial services, a sector where it is now considered as a benchmark player. A comprehensive range of investor services is offered by MCB Capital Markets Ltd and speciality driven subsidiaries. In addition, MCB also proposes leasing, factoring and microfinance solutions.
MCB is also actively pursuing its market development drive on the basis of its 'Bank of Banks' strategy, positioning itself as a regional focal point for handling trade finance, payments and cards operations outsourcing, amongst others.
During FY 2015/16, investments in MCB Seychelles and MCB Maldives have been transferred from MCB Ltd to MCB Investment Holding Ltd. MCB Madagascar will follow the same course once regulatory approvals are obtained. On another note, Société Générale Moçambique has become an associate of MCB Group Ltd. This follows the acquisition, by Société Générale, of a stake in the former subsidiary, i.e. MCB Moçambique, in October 2015, towards boosting the entity’s operations and market expansion. Regarding the ‘Non-banking financial’ cluster, MCB Microfinance Ltd, whose aim is to help the smaller entrepreneurs get easier access to loans, has lately been launched as a wholly-owned subsidiary of MCB Group Ltd.