Corporate Profile
Who we are
MCB Group is an integrated financial services provider. Building on its sound business model, the Group offers customised products and services to a wide range of clients through its local and foreign subsidiaries and associates. Through MCB Ltd, which was established in 1838, the Group has cemented its position as the leading banking sector player locally. In addition to that, the Group has actively diversified its activities across geographies, notably in the region, and broadened its footprint in the non-banking field. Listed on the Official Market of the Stock Exchange of Mauritius since its inception in 1989, MCB Group is one of the most traded stocks thereon, representing some 48% of market turnover1 in FY 2018/19. We have the largest market capitalisation, with a share of some 27%2. The Group has a broad and diversified shareholder base, comprising around 14% of foreign shareholding.
Our general positioning
Our channels and digital platforms
Breakdown of Group performance
Our stock profile
Our transparent and integrated business model
How we operate
Our market operations
Our functioning and positioning
To further their business growth, the Group entities capitalise on their competent workforce, cutting-edge technology as well as wide-ranging platforms and channels. These include branches, ATMs, merchant terminals as well as mobile and Internet Banking platforms. Our entities leverage organisation-wide synergies and collaboration as well as alliances and partnerships with external parties. MCB Ltd also taps into a network of some 1,150 correspondent banks worldwide, including around 200 in Africa. In addition, it capitalises on its Representative Offices located in Johannesburg, Nairobi, Paris and Dubai as well as the Group’s foreign banking subsidiaries in Madagascar, Seychelles and Maldives.
Our extensive and customised financial solutions
Through its banking and non-banking entities, the Group provides its clients in Mauritius, regionally and beyond with customised and innovative financial solutions as well as dedicated advice to meet their ambitions. We work closely alongside customers to understand their imperatives, challenges and priorities, while assisting them to design solutions adapted to their needs.
Personal financial services
Intra-Group synergies are tapped into to provide clients with required solutions, e.g. provision of investor-related services and pursuance of the ‘Bank of Banks’ initiative. The Group positions itself as a regional hub in handling trade finance, payments outsourcing services amongst others, while also providing business solutions to financial service providers, notably in Africa.
Everyday Banking
- Deposit accounts (current & savings)
- Multi-currency accounts
- Forex transactions
- Overdrafts
- Debit, credit & pre-paid cards
- Safe deposit boxes
- Distribution of general insurance cover
Banking Channels
- Branch network
- ATM
- Internet banking
- Mobile banking
- SMS banking
Payment Services
- Local & international money transfers
- Mobile refill & payments
- Standing instructions & direct debits
- Bank drafts
- Book transfers
- Bill payments
Financing Solutions
- Housing loans
- Personal loans
- Education loans
- Car loans & car lease
- Green loans
- Microfinance
Savings & Investment
- Education plan/Retirement plan
- Local & international stockbroking
- Portfolio & wealth management
- Capital protected products
- Investment funds
- Exchange traded funds
- Custodian services
- Fixed deposits
- Distribution of life insurance plans, treasury bills & government bonds
- Credit-linked notes
Corporates & Institutions
Investment Related Services
- Structured products
- Structured credit
- Investment advisory services
- Real assets
- Private equity
- Securities & custodian services
- Brokerage services
- Investment management
- Dual currency deposits
Transactional Banking
- Cash deposit card
- Deposit accounts
- Multi-currency accounts
- Internet banking
- Bank drafts
- Forex transactions
- Overdrafts
Financing Solutions
- Short & long term loans
- Green loans
- Syndicated loans
- Bridging loans
- Private equity
- Mezzanine financing
- Project finance
- Capital financing
- Factoring
- Microfinance
- Operating & finance lease
- Asset-Based lending
International Trade Finance
- Import & export
- Credit protection
- Bank guarantees
- Standard trade finance
- Structured commodity finance
- L/C re-issuance/confirmation
- Secondary asset trading
Business Services
- Checking facilities
- Payroll services
- Secretarial services
- Share registry services
Foreign Exchange Services
- Currency swaps
- Spot & forward deals
- Interest rate swaps
- International transfers
Outsourcing & Advisory Services
- Payments outsourcing
- Consulting & project management services
- Corporate finance advisory
Payments & Cash Management Solutions
- Electronic points of sale & cards acquiring services
- Corporate credit cards
- E-commerce
- International transfers
- SWIFT services
- Transfers & remittances
- Cash business solutions
How we distributed value created
Supported by its sound financial performance and committed approach, the Group has, in FY 2018/19, continued to provide the necessary means for its stakeholders to realise their aspirations.
Wealth created by MCB Group
*Includes the proportion of our CSR contribution remitted to the Mauritius Revenue Authority