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.

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 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+

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

2015

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 
  • Best Bank in Mauritius and Best product launch in Africa for 'Juice' (EMEA Finance Afircan Banking Awards 2015) 
  • Commercial Bank of the Year for Mauritius (International Banker 2015 Banking Awards) 
  • Best Private Bank in Mauritius (PWM/The Banker Global Private Banking Awards 2014) 
  • Best Private Bank for Mauritius (Wealth & Money Management Awards 2015) 
  • Best Local Trade Finance Bank in Mauritius (Global Trade Review 2014) 
  • Overall winner in the SEM-10 categeory and Best online reporting for MCB Group Ltd; 
  • Overall winner in the financial institutions and Best Risk Management Disclosures for MCB Ltd (PricewaterhouseCoopers Corporate Reporting Awards 2015) 
  • Performance Excellence Award attributed by Citibank, J.P. Morgan Chase and Deutsche Bank for MCB's straight-through processing rate for payments and transfers 
  • Banking and Financial Services Award 2014 awarded to MCB Seychelles Ltd (Seychelles Chamber of Commerce and Industry) 
  • Best Investment Management Company in Mauritius for 2015 attributed to MCB Investment Management Co. Ltd (World Finance Investment Management Awards 2015 for Mauritius)