ABC Banking Posts 37% Profit Jump With Rs 42.1bn in Assets

ABC Banking, the banking subsidiary of ABCB Holdings, has reported a standout set of financial results for the year ending 30 June 2026, posting double-digit growth across profits, income, deposits, and total assets. **Pre-tax profits surge 37%** The bank's pre-tax profit climbed 37% to Rs 402.6 million in financial year 2026, up from Rs 293.6 million in FY2025 — a figure that excludes a one-off exceptional item related to the corporate reorganisation around ABCB Holdings. The bank said the improvement reflects sustained profitability despite rising operating costs and new tax measures introduced in the period. **Operating income crosses Rs 1 billion** Operating income rose 26%, from Rs 908.3 million to Rs 1.15 billion. The primary driver was net interest income — the difference between what the bank earns on loans and what it pays on deposits — which grew 21%, from Rs 709.7 million to Rs 864.0 million. ABC Banking attributed this to tighter balance sheet management and improved revenue generation from interest-bearing assets. **Balance sheet strengthens to Rs 42.1 billion** Total assets reached Rs 42.1 billion by the end of June 2026, reflecting continued balance sheet expansion. Customer deposits also grew over the period, underlining confidence in the bank among retail and corporate clients. The bank maintained what it described as robust liquidity, prudent funding practices, and rigorous risk management throughout the year. **About ABC Banking and ABCB Holdings** ABC Banking Corporation is a Mauritian commercial bank that operates as the core banking entity within ABCB Holdings, a financial services group listed on the Stock Exchange of Mauritius (SEM). The bank serves both retail and corporate customers and competes in a sector that includes larger players such as MCB Group and AfrAsia Bank. **What this means** For depositors and investors, these results signal a financially healthy institution with a growing asset base and improving profitability. The 37% jump in pre-tax profits — even after stripping out exceptional items — is a meaningful indicator of underlying business momentum. The strong net interest income growth suggests the bank is effectively managing its loan book and funding mix, which is particularly relevant in a rising-rate environment. Shareholders in ABCB Holdings and analysts tracking Mauritius's banking sector will view this as a positive benchmark ahead of any dividend announcements or strategic updates. Source: ION News