MCB Group Posts Rs 20.1 Billion Net Profit for FY2025/26

The MCB Group, Mauritius's largest banking conglomerate, has reported strong financial results for the fiscal year ending 30 June 2026, with pre-tax profit rising 20.3% to Rs 27.6 billion. Net profit attributable to shareholders grew at a more modest pace of 11.3%, reaching Rs 20.1 billion. The group noted that this slower growth reflected the impact of new tax measures introduced at the start of the financial year, which pushed up its effective tax rate. **Net banking income climbs to Rs 47.1 billion** The group's net banking income — the equivalent of total revenue from banking operations — rose 11.6% year-on-year to Rs 47.1 billion. Both of MCB's main business divisions contributed to this growth. The Home Markets division, which covers operations in Mauritius as well as the group's foreign subsidiaries, saw net banking income grow by 15.8%. The Corporate and Investment Banking and Private Banking (CIBPB) division — which serves large corporates, institutional clients, and high-net-worth individuals — posted growth of 10.8%. In terms of revenue split, CIBPB remains the larger contributor, accounting for 53% of total group net banking income, with Home Markets making up the remaining 47%. **Credit quality improves** MCB also reported an improvement in the quality of its loan book. The ratio of non-performing loans (doubtful debts as a share of total loans) fell during the year, as did the cost of risk — a measure of how much the bank sets aside to cover potential loan losses. Both indicators point to a healthier balance sheet and a borrower base that is broadly keeping up with repayments. **What this means** MCB Group (listed on the Stock Exchange of Mauritius under the ticker MCB) is the island's dominant financial institution and a bellwether for the broader economy. Its results are closely watched by investors, analysts, and policymakers alike. The 11.3% rise in shareholder profit — compared to the stronger 20.3% pre-tax growth — is a direct consequence of higher taxation introduced in the 2025/26 budget. This is a reminder that fiscal policy changes can significantly affect what investors ultimately receive, even when underlying business performance is robust. For ordinary Mauritians, a financially strong MCB generally means continued access to credit, stable banking services, and a well-capitalised institution supporting the local economy. For investors, the double-digit profit growth signals that the group's international expansion strategy — particularly through its CIBPB arm — continues to deliver results beyond Mauritius's domestic market. Full details of the results, including balance sheet figures and any dividend announcement, are expected to be released in the group's official financial statements. Source: ION News