MCB Group

MCB Group Limited is a financial services holding company. Its headquarters is located in Port Louis, Mauritius, with subsidiaries and investments in Mauritius, France, India, Madagascar, Maldives, Mayotte, Mozambique, Réunion, Seychelles and South Africa.

Overview

MCB Group is a large financial services conglomerate. As of 30 June 2024, it had an estimated asset base of over US$20 billion (MUR 937 billion) and a net profit of over US$ 340 million (MUR 16,045 million) .[1]

The group is listed as one of the top 10 companies listed on the Stock Exchange of Mauritius in terms of annualised returns.[2] A 2015 report by Business Magazine indicated that the MCB Group was the most valuable company in the Eastern Africa

Member companies

The companies that compose the MCB Group include but are not limited to the following:[8]

Banking operations

MCB Investment Holding Limited – Port Louis, Mauritius – 100% Shareholding – Intermediary holding company of all of the Group's banking businesses.
The Mauritius Commercial Bank Ltd – Port Louis, Mauritius – 100% Shareholding – A commercial bank in Mauritius, serving individuals and businesses, focusing mainly on large corporations. Incorporated in 1838 and the group's flagship company.
MCB Seychelles – Victoria, Seychelles – 100% Shareholding – A commercial bank in Seychelles.
MCB Moçambique – Maputo, Mozambique – 95% Shareholding – A commercial bank in Mozambique.
MCB Madagascar – Antananarivo, Madagascar – 85% Shareholding – A commercial bank in Madagascar.
MCB Maldives – Malé, Maldives – 100% Shareholding – A commercial bank in Maldives.
Banque Française Commerciale Océan Indien (BFCOI)– Paris, France – 49.99% Shareholding – BFCOI is a joint venture between MCB Group and Société Générale. The bank has operations in France and the French Overseas departments of Mayotte and Réunion.

Non-banking financial

All the Non-banking financial investments are based in Port Louis, Mauritius.

MCB Capital Markets – 100% Shareholding – A leading financial services Investment holding company in Mauritius. Providing financial services through its subsidiaries:
MCB Investment Services
MCB Registry & Securities
MCB Stockbrokers
MCB Capital Partners
MCB Investment Management
MCB Structured Solutions
MCB Equity Fund – 100% Shareholding – A private equity fund which specializes in providing expansion and buy-out capital to small and medium-sized established businesses across Eastern and Sub-Saharan Africa.
MCB Factors – 100% Shareholding – Offering invoice discounting services.
Credit Guarantee Insurance Company – Port Louis, Mauritius – 40% Shareholding – A joint venture with La Prudence Holding, providing credit insurance services to its customers by ensuring protection in respect of their trade receivables.

Other investments

All Other investments are based in Port Louis, Mauritius.

Fincorp Investment Limited – 57.56% Shareholding – Holding company quoted on the Stock Exchange of Mauritius. Its subsidiaries include:
MCB Leasing – the leasing arm of MCB Group and a fully owned subsidiary of Fincorp Investment
Promotion and Development – A quoted company having diversified interests
MCB Properties – 100% Shareholding – The company owns several properties, some of which house banking premises of MCB Limited.
MCB Forward Foundation – 100% Shareholding – The MCB Forward Foundation manages the Corporate Social Responsibility (CSR) activities of the Group.on
Blue Penny Museum – 97.88% Shareholding – The Blue Penny Museum is an art and history museum that is wholly devoted to Mauritius.
MCB Consulting Services – 100% Shareholding – The dedicated consulting arm of the Group.
Compagnie des Villages de Vacances de l’Isle de France Limitée (COVIFRA) - 84.4% Shareholding - Hotel property holding company quoted on the Stock Exchange of Mauritius Ltd

type	Public
foundation	* (as Mauritius Commercial Bank) * (as MCB Group, as parent holding company to Mauritius Commercial Bank, which is now as a subsidiary)
founder	Mr. James Blyth
location	9-15, Sir William Newton Street, Port Louis, Mauritius
key people	Jean-Michel Ng Tseung (CEO)
industry	Financial services
num employees	4,400 (2024)
homepage	MCB Group
traded as	SEM:MCBG

Overview

History

Member companies

Banking operations

Non-banking financial

Other investments

Ownership

Governance

See also

References