Mauritius-based MCB Group has reported an 11.3% rise in profit attributable to shareholders to 20.1 billion Mauritian rupees for the financial year ended June 30, 2026. The growth was supported by strong performance in its home markets and international banking business. Operating income increased by 11.6% to Rs 47.1 billion, driven by its Corporate and Investment Banking and Private Banking segment.
The results, announced on September 29, highlight the growing contribution of international business to the group’s earnings. Foreign-sourced income and overseas subsidiaries accounted for 64% 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.
MCB Group closed the financial year with a strong capital position, having a capital adequacy ratio of 20.3% and a Tier 1 capital ratio of 18.1%, both above regulatory requirements. The group 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, bringing the combined dividend to Rs 27.50 per share. MCB’s strategy centers on specialized operations in commercial hubs and a network of partners supporting clients across multiple markets.
Trade finance remains central to MCB’s expansion strategy across Africa, with a US$1 billion financing envelope announced 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.
During the financial year, MCB raised a US$100 million climate finance facility with development finance institutions Proparco, DEG, and FMO. The facility aims to increase the group’s capacity to finance climate and transition-related projects, complementing a Rs 25 billion credit line dedicated to sustainable finance.
Under its Vision 2030 strategy, MCB aims to strengthen its position in African corporate and investment banking and private banking. MCB Group Chief Executive Jean Michel Ng Tseung said the results reflected the combination of a strong Mauritian base and an expanding international presence, highlighting the strength of a model built on deep roots in Mauritius and a fast-growing international presence.
Key points
- MCB Group reports 11.3% rise in profit to Rs 20.1 billion.
- Foreign-sourced income and overseas subsidiaries account for 64% of group profits.
- MCB commits US$1 billion to support intra-African trade and regional integration.
