MCB Group

Stock performance

History

The Mauritius Commercial Bank was founded in 1838 by local merchants, making it one of the oldest banks in the Southern Hemisphere. It grew into the country's largest bank and, under the MCB Group holding company, expanded into banking in the Indian Ocean region and into financing across Africa.

Business model

MCB provides retail, corporate, and private banking in Mauritius, operates subsidiaries in Madagascar, the Maldives, and Seychelles, and is a significant financier of energy, commodity, and trade deals across sub-Saharan Africa.

Market position

MCB Group is the largest company on the Stock Exchange of Mauritius and the country's largest bank.

Country impact

MCB has played a central role in financing Mauritius's transformation from a sugar economy into a diversified upper-middle-income economy, and its African expansion reflects the country's ambition to be a financial gateway to the continent.