Transcription of MCB - AXYS Group
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MCB - AXYS Group
MCB The Mauritius Commercial Bank Ltd AXYS Stockbroking Ltd, Bowen Square, Dr Ferri re Street, Port-Louis | BRN C07007947 Jun-13 Tel (230) 213 3475 | Fax (230) 213 3478 | Email | Overview The Mauritius Commercial Bank Ltd (MCB), the leading domestic bank, celebrates 175 years of existence this year. Given the relatively saturated and limited size of the Mauritian market, MCB embarked on a regional expansion plan over time. It is now involved throughout the Indian Ocean and in the broader Sub-Saharan Africa region.
MCB’s NPL ratio has steadily declined from 9.4% in FY04 to 3.4% in FY11. It appears that this declining trend has come to an end with an increase to 4.5% in FY12.
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