MCB’s Financial Year 2014-2015: 31 % Increase in Net Profits

The Mauritius Commercial Bank (MCB) has made net profits of Rs 5.7 billion for the financial year 2014-2015. This marks a 31 % increase compared to the previous year.

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The firm has also witnessed an increase in revenues per share: from Rs 18.34 to Rs 24.04. It gives credit to the strategy of diversification that it undertook several years ago; for instance, 55 % of the revenues of the group come from international activities while the non-banking transactions make about 6 %.

The Net Interest Income of the MCB has spiralled up by 12.4 %, reaching Rs 8.15 billion.

A 16.5 % increase is also observed in terms of commissions and expenses thanks to financing of the regional commerce, bank cards, and activities of the MCB Capital Markets.

The administrators are positive that they will keep on following the increasing trend for the upcoming financial year.

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