With its 181-year history, MCB Group has evolved from a bank into an integrated bank and financial services provider, offering tailored and innovative solutions to a diversified client base, ranging from retail to corporates and institutions. Alongside consolidating its leading banking position in Mauritius, the Group has diversified its activities into the non-banking field, providing investor-related, leasing and factoring services.
MCB Group is currently ranked 1st in East Africa, 19th in Africa and 613th among the Top 1000 Banks in terms of Tier 1 capital. The Group is investment grade-rated by Moody’s and Fitch, and currently ranks 31st in Africa in terms of assets (Jeune Afrique Top 200 Banks, The Africa Report, September 2019) and 81st on the African continent in terms of market capitalisation (African Business Top 250 Companies, May 2019).
The Group has also established a physical presence in 10 countries overseas, via its subsidiaries in Madagascar, Seychelles and Maldives, its representative offices in Johannesburg, Nairobi, Paris and Dubai, as well as its associates, Société Générale Moçambique and Banque Française Commerciale Océan Indien (BFCOI – operating in Réunion Island, Mayotte and Paris). MCB Group is actively involved in sub-Saharan Africa through the financing of major cross-border transactions and its ‘Bank of Banks’ axis, which aims at positioning it as a regional hub for handling trade finance, payment solutions and consulting services linked to project management and high-end IT solutions.
Conscious of its stature locally and in the region and the role it can play as a positive agent of change, MCB Group has, in 2018, adopted “Success Beyond Numbers” as its motto, in order to step up its sustainable development initiatives. Same are based on boosting the local economy of Mauritius through entrepreneurship, fostering and preserving the environmental and cultural heritage of the country and the individual and collective wellbeing of Mauritians.