Annual Report 2022

View Annual Report 2022

Latest Events

  • 18 May 2023

    MCB Group organised an Earnings Call, following release of its nine months results for FY 2022/23

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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.

AgencyOutlookLong termShort term
Moody'sStableBaa3P-3

Domestically, CARE Ratings (Africa) Private Limited assigns a AAA rating to MCB Ltd with regard to the servicing of financial obligations.


Moody's website at www.moodys.com


CARE Ratings website at www.careratingsafrica.com

Group profits attributable to ordinary shareholders for the semester to 31 December 2022 stood at Rs 6,663 million, representing an increase of 36.0% compared to the corresponding period last year. This performance was largely driven by an improvement in our core earnings and a drop in net impairment charges. Contribution from foreign-sourced income stood at above 65% of Group profits.

Pierre Guy Noel, CEO of MCB Group (up to 28 February 2023)
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