The MCB Group has announced a solid performance for the financial year ending June 30, 2026, with a net profit attributable to shareholders of Rs 20.1 billion, representing an 11.3% increase from the previous year. This growth was driven by a 11.6% rise in net banking income to Rs 47.1 billion. The Group's performance was influenced by new fiscal measures introduced at the beginning of the year, which led to a higher effective tax rate.
The MCB Group's profit before taxes rose by 20.3% to Rs 27.6 billion, driven by strong performance 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 47.0% to the Group's net banking income, while CIBPB accounted for 53.0%. The Group's financial situation strengthened during the year, with an improvement in credit quality.
The MCB Group's financial performance was also marked by a decrease in non-performing loans and cost of risk. The Group's capital ratios, however, declined due to a significant increase in its balance sheet. The solvency ratio (CAR) stood at 20.3%, while the Tier 1 ratio was 18.1%, both of which are above regulatory requirements. The Group's Chief Executive, Jean Michel Ng Tseung, highlighted the Group's resilience and ability to capitalize on opportunities in a rapidly changing environment.
The MCB Group's growth strategy is focused on maintaining a prudent approach to risk and capital management. The Group will continue to invest in technology and enhance its presence in key markets. Its commitment to sustainable development is reflected in its strengthened dedicated sustainable finance line, which has been increased to Rs 25 billion to support businesses and individuals in their transformation projects.
The MCB Group plays a significant role in Mauritius' economic development, with a tax contribution of Rs 6.8 billion, making it the largest private sector contributor to the state's revenue. The Group also supports local entrepreneurship, with 70.0% of its suppliers based in Mauritius. Its initiatives in financial inclusion, SME development, education, environmental protection, sports, and art and culture are ongoing.
The Group's regional and African operations continue to support strategic projects in sectors such as energy, infrastructure, and strategic commodities. The MCB Group is committed to mobilizing significant financing to support the energy transition, intra-African trade, and regional integration. Its growth prospects are cautiously optimistic, given the uncertain global economic environment.
The MCB Group has declared a final dividend of Rs 16.50 per share, payable in December 2026, in addition to an interim dividend of Rs 11.00 per share paid in July 2026. The Group's solid performance reflects its ability to navigate a challenging economic environment and create value for its stakeholders.
Key points
- MCB Group's net profit rises 11.3% to Rs 20.1 billion for the 2025/26 financial year.
- The Group's solvency ratio (CAR) stood at 20.3%, while the Tier 1 ratio was 18.1%.
- The MCB Group's tax contribution was Rs 6.8 billion, making it the largest private sector contributor to the state's revenue.
