MCB Group has announced a net profit attributable to shareholders of Rs 20.1 billion for the financial year ended June 30, 2026. This represents an 11.3% increase compared to the previous year. The growth in profit was moderated by new fiscal measures introduced at the start of the financial year, which drove up the effective tax rate. Despite this, the Group's pre-tax profit surged by 20.3% to Rs 27.6 billion.
The Group's net banking income rose by 11.6% to Rs 47.1 billion. This strong performance was reflected in the declaration of a final dividend of Rs 16.50 per share, payable in December 2026, following an interim dividend of Rs 11.00 per share paid in July. Group Chief Executive Jean Michel Ng Tseung welcomed the results, highlighting the institution's resilience and disciplined strategy execution.
Mr. Ng Tseung stated that the Group is accelerating investments in technology, regional integration, sustainable development, and the energy transition. He added that MCB Group demonstrates its resilience, strength, and ability to seize opportunities in a constantly evolving environment. The Group's solid performance was underpinned by strong momentum across both core operational pillars.
The Corporate and Investment Banking and Private Banking (CIBPB) pole accounted for 53.0% of total net banking income, while Home Markets, encompassing domestic activities in Mauritius and foreign subsidiaries, accounted for 47.0%. Net banking income grew by 15.8% for Home Markets and 10.8% for CIBPB. The balance sheet strengthened over the period, supported by improved credit quality marked by lower rates of doubtful debts and risk costs.
However, rapid balance sheet expansion led to a slight dip in capital adequacy ratios, with a solvency ratio (CAR) of 20.3% and a Tier 1 ratio of 18.1%. Looking ahead, MCB cautioned that the global economic environment remains fraught with uncertainty. Middle Eastern geopolitical tensions continue to weigh on trade, investment, and confidence, while higher raw material and transport costs sustain inflationary pressures and restrictive monetary conditions.
Although Sub-Saharan Africa's growth remains resilient, it faces a more demanding external environment and high financing costs. On the domestic front, the Group anticipates continued contrasting economic conditions. Slowing tourist arrivals and elevated inflation are expected to weigh on local activity, though the Mauritian economy is projected to maintain relative resilience. MCB reaffirmed its role as a key pillar of the national economy, remaining the country's leading private contributor to state tax revenues with a total tax contribution of Rs 6.8 billion.
The Group further highlighted its local socio-economic impact: 70.0% of its suppliers are based in Mauritius, supporting the national entrepreneurial fabric. Its sustainable finance credit line has been scaled up to Rs 25 billion to back green transformation projects. Regional and African operations continue to finance high-impact sectors, including energy, infrastructure, strategic commodities, intra-African trade, and regional integration. Ongoing investments target financial inclusion, SME development, education, environmental protection, sports, arts, and culture.
Key points
- MCB Group reports an 11.3% increase in net profit to Rs 20.1 billion for the financial year ended June 30, 2026.
- The Group's net banking income rose by 11.6% to Rs 47.1 billion.
- MCB Group's sustainable finance credit line has been scaled up to Rs 25 billion to back green transformation projects.
