The MCB Group has announced a solid financial performance for the year ended June 30, 2026, with a net profit attributable to shareholders increasing by 11.3% to Rs 20.1 billion. This growth was driven by a 20.3% rise in profit before tax to Rs 27.6 billion. The group's net banking income rose by 11.6% to Rs 47.1 billion, reflecting a good dynamic in both its Home Markets and Corporate and Investment Banking and Private Banking (CIBPB) segments.
The Home Markets, which include operations in Mauritius and foreign subsidiaries, contributed 47% to the group's net banking income, while the CIBPB segment accounted for 53%. The Home Markets segment saw a 15.8% growth in net banking income, while the CIBPB segment grew by 10.8%. The group's financial situation strengthened during the year, driven by an improvement in credit quality, as evidenced by a decrease in doubtful debts and risk costs.
The group's capital ratios were impacted by the strong growth in its balance sheet, with a solvency ratio (CAR) of 20.3% and a Tier 1 ratio of 18.1%. Despite this, the group remains solidly capitalized, with ratios well above regulatory requirements. The group continues to face an uncertain global economic environment, with geopolitical tensions and high commodity prices contributing to inflationary pressures and relatively restrictive monetary conditions.
In Africa, growth is expected to remain resilient, but prospects are constrained by a more challenging external environment and high financing costs. In Mauritius, economic conditions are expected to remain mixed, with a slowdown in tourist arrivals and higher inflation weighing on activity. The group will continue to focus on maintaining a prudent approach to risk and capital management as it implements its strategy to support clients and seize opportunities for long-term growth.
The MCB Group remains a major player in Mauritius, contributing significantly to the country's economic development. The group paid Rs 6.8 billion in taxes, making it the largest private contributor to state revenue. It also continues to support local suppliers, with 70% of its vendors based in Mauritius, contributing to the country's entrepreneurial dynamism.
The group is committed to sustainable development, with a focus on environmental protection, education, and social responsibility. It has strengthened its dedicated sustainable finance line to Rs 25 billion to support companies and individuals in their transformation projects. The group is also supporting structuring projects in key sectors such as energy, infrastructure, and strategic commodities in Africa.
Commenting on the financial results, Jean-Michel Ng Tseung, Chief Executive of the MCB Group, highlighted the group's resilience and ability to seize opportunities in a rapidly changing environment. The group declared a final dividend of Rs 16.50 per share, payable in December 2026, in addition to an interim dividend of Rs 11 per share paid in July 2026.
Key points
- The MCB Group's net profit increased by 11.3% to Rs 20.1 billion for the year ended June 30, 2026.
- The group's net banking income rose by 11.6% to Rs 47.1 billion.
- The group paid a total dividend of Rs 27.50 per share for the year.
