MCB at a glance

Overview of the Group

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The Leading Financial Services Player in Mauritius

Established in 1838, MCB is an integrated banking and financial services player, offering tailored and innovative solutions through its local and foreign subsidiaries and associates. The Group has cemented its position as the leading banking sector player locally and continuously plays a key role in promoting the socio-economic development of Mauritius. 


Under the aegis of MCB Ltd, the Group provides corporate and institutional clients in Mauritius – including global business companies, funds, trusts and foundations – with flexible and innovative financial solutions as well as dedicated advice to meet their business development and inherent capacity-building ambitions.


Moreover, backed by its enriched solutions and the quality of its service, the Bank caters for the day-to-day needs of its individual customers and helps them meet their aspirations, alongside accompanying small and medium enterprises (SMEs) throughout their business development cycle.

A leading player in the region

Whilst consolidating its position as the leading banking sector player in Mauritius, the Group has gradually embarked on a regional diversification journey since the early 1990s. It has since then carved out an increasingly prominent position in the region and expanded beyond in both the banking and non-banking financial services field.

MCB Group Structure

Our strategy execution is enabled by key operating pillars, which comprise entities, business lines and supporting functions. MCB Group Ltd acts as the ultimate holding company of the Group. 


The subsidiaries and associates thereof operate under three business clusters, i.e. ‘Banking’, ‘Non-banking financial’, and ‘Other investments’. 


MCB Investment Holding Ltd, a wholly-owned subsidiary of MCB Group Ltd, is the holding company of all the banking investments of the Group, namely MCB Ltd and the foreign banking subsidiaries and associates.


Financial Year 2019

Few Facts & Figures - 2019MCB GroupMCB Ltd
Our Operations
Total assets  USD 13.4 Bn (MUR 471 Bn)USD 12.2 Bn (MUR 428 Bn)
Customers~ 1,062,100~ 1,005,300
Branches6040
Employees3,6172,861
ATMs206177
Correspondent Banks1,1501,150
Our Stock Profile (MCB Group)
Market CapitalisationUSD 1.96 Bn   (MUR 69 Bn)
Shareholder base> 20,000
Our Investment Grade Ratings (MCB Ltd)
Moody’s
OutlookStable
Long TermBaa2
Short TermP-2
Fitch Ratings
OutlookStable
Long TermBBB-
Short TermF3
Care Ratings (Africa) Private Limited
OutlookStable
RatingAAA*

Financial Year 2018

Few Facts & Figures - 2018MCB GroupMCB Ltd
Our Operations
Total assets  USD 11.2 Bn (MUR 386 Bn)USD 10.1 Bn (MUR 350 Bn)
Customers~ 1,028,300~ 976,700
Branches5539
Employees~ 3,409~ 2,696
ATMs201177
Correspondent Banks1,2001,200
Our Stock Profile (MCB Group)
Market CapitalisationUSD 1.9 Bn   (MUR 65.9 Bn)
Shareholder base> 19,000
Our Investment Grade Ratings (MCB Ltd)
Moody’s
OutlookPositive
Long TermBaa3
Short TermP-3
Fitch Ratings
OutlookStable
Long TermBBB-
Short TermF3

Financial year 2017

Few Facts & Figures - 2017MCB GroupMCB Ltd
Our Operations
Total assets  USD 9.8 Bn    (MUR 345.7 Bn)USD 8.9 Bn (MUR 314 Bn)
Customers ~ 1,010,700~ 960,000
Branches5439
Employees~ 3,400~  2,682
ATMs198176
Correspondent Banks~  1,470~  1,470
Our Stock Profile (MCB Group)
Market CapitalisationUSD 1.9 Bn   (MUR 68.4 Bn)
Shareholder base> 18,500
Our Investment Grade Ratings (MCB Ltd)
Moody’s
OutlookStable
Bank DepositsBaa3/P-3
Baseline Credit Assessmentba1
Adjusted Baseline Credit Assessmentba1
Issuer RatingBaa3
Counterparty Risk AssessmentBaa2/P-2
Fitch Ratings
OutlookStable
Long-Term Issuer Default RatingBBB-
Short-Term Issuer Default RatingF3
Viability Ratingbbb-
Support Rating3
Support Rating FloorBB+

Financial year 2016

Few Facts & Figures - 2016MCB GroupMCB Ltd
Our Operations
Total assetsUSD 8.7 Bn (MUR 318 Bn)USD 7.8 Bn (MUR 286 Bn)  
Customers ~988,000~ 940,000
Branches4040
Employees~ 3,220~  2,600
ATMs194173
Correspondent Banks~  1,600~  1,600
Our Stock Profile (MCB Group)
Market CapitalisationUSD 1.4 Bn   (MUR 50.3 Bn)
Shareholder base> 18,000
Our Investment Grade Ratings (MCB Ltd)
Moody’s
OutlookStable
Bank DepositsBaa3/P-3
Baseline Credit Assessmentba1
Adjusted Baseline Credit Assessmentba1
Issuer RatingBaa3
Counterparty Risk AssessmentBaa2/P-2
Fitch Ratings
OutlookStable
Long-Term Issuer Default RatingBBB-
Short-Term Issuer Default RatingF3
Viability Ratingbbb-
Support Rating3
Support Rating FloorBB+

Financial year 2015

Few Facts & Figures - 2015MCB GroupMCB Ltd
Our Operations
Total assets  USD 7.8 Bn (MUR 280 Bn)USD 7.0 Bn (MUR 251 Bn)
Customers ~ 930,000~ 930,000
Branches4040
Employees~ 2,500~  2,500
ATMs166166
Correspondent Banks~  1,600~  1600
Our Stock Profile (MCB Group)
Market CapitalisationUSD 1.4 Bn   (MUR 51.7 Bn)
Shareholder base> 18,000
Our Investment Grade Ratings (MCB Ltd)
Moody’s
OutlookStable
Bank DepositsBaa3/P-3
Baseline Credit Assessmentba1
Adjusted Baseline Credit Assessmentba1
Issuer RatingBaa3
Counterparty Risk AssessmentBaa2/P-2
Fitch Ratings
OutlookStable
Long-Term Issuer Default RatingBBB-
Short-Term Issuer Default RatingF3
Viability Ratingbbb-
Support Rating3
Support Rating FloorBB+

2019

World

  • 613th in the world in terms of Tier 1 capital, The Banker Top 1000 World Banks, July 2019

Africa

  • 19th in Africa in terms of Tier 1 Capital, The Banker Top 1000 World Banks, July 2019
  • 1st in East Africa in terms of Tier 1 Capital, The Banker Top 1000 World Banks, July 2019
  • 81st in Africa in terms of market capitalization, African Business Top 250 Companies, May 2019
  • 31st in Africa in terms of assets, Jeune Afrique Top 200 Banks, The Africa Report, September 2019
  • Leading Regional Bank in terms of operating income and profitability, L’Eco Austral, Top 500 Regional, Edition 2018
  • Regional Bank of the year, Southern Africa, African Banker Awards 2019
  • Best Banking and Financial Services Award 2018, Awarded to MCB Seychelles Ltd by Seychelles Chamber of Commerce & Industry

Mauritius

  • Best rated commercial bank in Africa by Moody’s Long-term deposit rating
  • Best Bank in Mauritius Euromoney Awards for Excellence 2019
  • Best Bank for Mauritius World’s Best Bank Awards, Global Finance 2019
  • Best Private Bank in Mauritius PWM/The Banker 2018
  • Best Trade Finance Bank in Mauritius GTR Leaders in Trade for Africa 2019
  • Winner in the ‘Governance’ category PwC Corporate Reporting Awards 2019
  • Excellence Award 2018 attributed by Citibank for MCB’s USD straight-through processing

2018

World

  • The Banker Top 1000 World Banks (July 2018)
  • 644th Among the Top 1000 Banks (in terms of Tier 1 Capital)

Africa

  • 19th in Africa & 1st in East Africa in terms of Tier 1 Capital (The Banker Top 1000 World Banks, July 2018)
  • 86th In Africa in terms of market capitalisation (African Business Top 250 Companies, June 2018)
  • 33rd in Africa in terms of assets (Jeune Afrique Top 200 Banks, The Africa Report, September 2018)
  • Leading Regional Bank in terms of operating income and profitability (L'Eco Austral, Top 500 Regional, Edition 2017)

Mauritius

  • Bank of the Year for Mauritius (The Banker Bank of the Year Awards 2017)
  • Best Bank in Mauritius (Euromoney Awards for Excellence 2018)
  • Best Private Bank in Mauritius (PWM/The Banker 2017)
  • Performance Excellence Award attributed by Citibank and JP Morgan Chase for MCB's straight-through processing rate of payments and transfers 2017
  • Best Risk Management Disclosures (PwC Corporate Reporting Awards 2018)

2017

World

  • The Banker Top 1000 World Banks (July 2017) 
  • 669th Among the Top 1000 Banks (in terms of Tier 1 Capital)
Financial Soundness
  • Return on assets: 59th
  • Return on capital: 133rd
  • Capital assets ratio: 141st 

Africa

  • 17th in Africa 
  • 1st in East Africa in terms of Tier 1 Capital (The Banker Top 1000 World Banks, July 2017) 
  • 83rd In Africa in terms of market capitalisation (African Business Top 250 Companies, June 2017) 
  • 40th in Africa in terms of assets (Jeune Afrique Top 200 Banks, The Africa Report 2017) 
  • Best Regional Bank in Southern Africa (African Banker Awards 2017) 
  • LeadIng Regional Bank in terms of operating income and profitability (L'Eco Austral, Top 500 Regional, Edition2017)

Mauritius

  • Bank of the Year for Mauritius (The Banker Bank of the Year Awards 2016)
  • Best Bank in Mauritius (Euromoney Awards for Excellence 2017) 
  • Best Bank in Mauritius (EMEA Finance 2016) 
  • Best Private Bank in Mauritius (PWM/The Banker 2016) 
  • Performance Excellence Award attributed by Citibank and JP Morgan Chase for MCB's straight-through processing rate of payments and transfers 2016 
  • Best Distributor Award Mauritius attributed to MCB Capital Markets Ltd (Structured Retail Products - Euromoney Global. November 2016) 
  • Best Corporate Governance Disclosures (PwC Corporate Reporting Awards 2017)

2016

World

  • The Banker Top 1000 World Banks (July 2016) 
  • 666th Among the top 1000 Banks (in terms of Tier 1 Capital)

Financial Soundness

  • Capital assets ratio: 104th
  • Profit on capital: 188th
  • Return on assets: 73rd 

Africa

  • 17th in Africa 

  • 1st in East Africa in terms of Tier 1 Capital (The banker Top 1000 World Banks, July 2016) 

  • 88th in Africa in terms of market capitalisation (African Business Top 250 Companies, May 2016) 

  • 40th in Africa in terms of assets (Jeune Afrique Top 200 Banks, The Africa Report, 2015) 

  • Best Regional Bank in Southern Africa (Africa Banker Awards 2015) 

  • Leading Regional Bank in terms of operating income and profitability (L'EcoAustral, Top 500 Regional, Edition 2016)


Mauritius

  • Bank of the Year for Mauritius (The Bankers Bank of the Year Awards 2015) 
  • Best Bank in Mauritius (Euromoney Awards for Excellence Survey 2016) 
  • Best Bank in Mauritius 2015 (UnionPay International) 
  • Best Innovative Bank in the market and Visa Innovation Award (Visa) 
  • Best Trade Finance Bank in Mauritius (Global Trade Review 2015) 
  • Best Online Reporting and Best Risk Management Disclosures for banks (PwC Corporate Reporting Rewards 2016) 
  • Performance Excellence Award 2015 attributed by citibank, Deutsche Bank and JP Morgan Chase for MCB's straight-through processing rate for payments and transfers