MCB Group Profit Rises 11.3% to Rs 20.1 Billion as African Business Expands
Mauritius-based MCB Group has reported an 11.3 per cent rise in profit attributable to shareholders to 20.1 billion Mauritian rupees for the financial year ended June 30, 2026, supported by growth in its home markets and international banking business. Operating income increased by 11.6 per cent to Rs 47.1 billion, with the group citing strong performance in its Corporate and Investment Banking and Private Banking segment. The results, announced on September 29, underline the growing contribution of international business to the group’s earnings. Foreign-sourced income and overseas subsidiaries accounted for 64 per cent of group profits during the year. MCB is expanding its role in financing African trade and investment, focusing on businesses, financial institutions and investors operating across borders. Strong Capital Position and Higher Dividend The group closed the financial year with a capital adequacy ratio of 20.3 per cent and a Tier 1 capital ratio of 18.1 per cent, which it said were both above regulatory requirements. MCB also reported improvements in asset quality, including a lower non-performing loan ratio and reduced cost of risk. The group declared a final dividend of Rs 16.50 per share, following an interim dividend of Rs 11 per share paid in July 2026. This brings the combined dividend to Rs 27.50 per share. US$1 Billion Commitment to African Trade Trade finance remains central to MCB’s expansion strategy across Africa. During the financial year, the group announced a US$1 billion financing envelope to support intra-African trade and regional integration over four years. The commitment excludes commodity trade finance activities. MCB also entered into a Confirming Bank agreement with the African Development Bank under its Trade Finance Transaction Guarantee Programme. The arrangement is intended to help address financing gaps affecting African businesses. From its base in Mauritius, the group provides trade finance, corporate and investment banking, private banking and financial markets services. Its strategy centres on specialised operations in commercial hubs and a network of partners supporting clients across multiple markets. The group said it had strengthened its capabilities in energy, infrastructure and strategic commodities while continuing to diversify its exposures. Climate Finance Gets US$100 Million Boost MCB raised a US$100 million climate finance facility with development finance institutions Proparco, DEG and FMO during the year. The facility is intended to increase the group’s capacity to finance climate and transition-related projects. It complements a Rs 25 billion credit line dedicated to sustainable finance. The group said these initiatives support its wider ambitions in energy transition, infrastructure development and regional integration across Africa. Vision 2030 Drives International Growth Under its Vision 2030 strategy, MCB aims to strengthen its position in African corporate and investment banking and private banking. Its priorities include expanding its network of commercial hubs, growing its trade finance business, deepening relationships with financial institutions and supporting regional value chains. MCB Group Chief Executive Jean Michel Ng Tseung said the results reflected the combination of a strong Mauritian base and an expanding international presence. “Our performance this year reflects the strength of a model built on deep roots in Mauritius and a fast-growing international presence,” he said. Ng Tseung said clients operating beyond their domestic markets increasingly need support with financing trade, structuring transactions, managing risk and accessing capital and partnerships. The group said Mauritius would remain the foundation of its international growth, with overseas activities diversifying earnings and strengthening its capacity to finance the domestic economy.