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The particularly difficult operating context continued to impact the Group’s results, with attributable profits to ordinary shareholders falling by 23.6% for the quarter ended September 2020 to reach Rs 1,925 million, largely linked to the substantial increase in Expected Credit Losses (ECL) amidst the deterioration in the economic outlook, notably on the domestic front.
Results
1st quarter
3 months to September 2020
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Financial Statements pdf 212KB
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Group Management Statement pdf 1MB
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Earnings call presentation pdf 804KB
Financial Calendar
Latest Events
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23 November 2020
MCB Group organised an Earnings call on 23 November 2020, following the release of its first quarter results for FY 2020/21
Credit Ratings
Credit ratings are opinions subject to ongoing review by rating agencies and may change from time to time based on the financial performance of MCB Ltd, industry dynamics, and other factors. MCB Ltd is being rated by Moody's Investors Service and FitchRatings.
| Agency | Outlook | Long term | Short term |
|---|---|---|---|
| Moody's | Negative | Baa2 | P-2 |
| Fitch Ratings | Negative | BBB- | F3 |
Moody's website at www.moodys.com
FitchRatings website at www.fitchratings.com
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