 | This article needs additional citations for verification .(August 2022) |
| Company type | Private company |
|---|---|
| Industry | Finance |
| Founded | 1992 |
| Headquarters | MCB Head Office, Novotel Business Center, Alarobia, Antananarivo, Madagascar |
| Products | Banking |
| Parent | MCB Group |
MCB Madagascar is a commercial bank in Madagascar. It is a member of the Mauritius Commercial Bank Group of companies headquartered in Port Louis, Mauritius. It was formerly known as MCB Madagascar.
The bank was established in 1992 [1] by two banking entities, Mauritius Commercial Bank Ltd and Standard Bank, in the name of Union Commercial Bank. The bank is a fully licensed commercial bank in Madagascar, which by 2007 had established branches in Antananarivo (Antsahavola, Ankonrondrano, Ankadimbahoaka, Ambohibao), Taomasina, and Mahajanga. [2] In 2007, the bank changed its name to Mauritius Commercial Bank (Madagascar) SA. [3]
The original shareholders were Mauritius Commercial Bank (70%), Standard Bank South Africa (10%), BFCOI (10%), FIARO (5%) and Société Manofi (5%). See table below: Currently, the shareholding may differ from the original ratios in 1992.
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | MCB Group | 80 |
| 2 | Banque Française Commerciale Océan Indien | 10 |
| 3 | FIARO | 5 |
| 4 | Société Manofi | 5 |
| Total | 100 | |
Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about 2,000 kilometres off the southeastern coast of East Africa, east of Madagascar. It includes the main island, as well as Rodrigues, Agaléga, and St. Brandon. The islands of Mauritius including Agalega, St. Brandon and Rodrigues, along with nearby Réunion, are part of the Mascarene Islands. The main island of Mauritius, where the population is concentrated, hosts the capital and largest city, Port Louis. The country spans 2,040 square kilometres (790 sq mi) and has an exclusive economic zone covering 2,300,000 square kilometres.
Air Mauritius is the flag carrier airline of Mauritius. The airline is headquartered in Port Louis, Mauritius, with its hub at Sir Seewoosagur Ramgoolam International Airport.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 48th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender and seventh Indian company to cross the ₹ 5-trillion market capitalisation on the Indian stock exchanges for the first time.The largest public lender in the country reached a milestone on February 07, 2024, when its market capitalization surpassed ₹6 lakh crore, making it the second public sector undertaking (PSU) to do so, after Life Insurance Corporation. The Reserve Bank of India (RBI) has identified the SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”.
Bank of Baroda is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 153 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2023 data, it is ranked 586 on the Forbes Global 2000 list.
The Southern African Development Community (SADC) is an inter-governmental organization headquartered in Gaborone, Botswana.
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.
MCB or mcb may refer to:
MCB Bank Limited is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1600 branches and over 1450 ATMs in Pakistan.
Mauritius Commercial Bank (MCB) is a commercial bank in Mauritius. MCB is licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator. The bank's headquarters are located in Port Louis, Mauritius.
State Bank of Mauritius (SBM), is a bank in Mauritius that the Bank of Mauritius, the national banking regulator, has licensed as a commercial bank.
The Bank of Mauritius is the central bank of the Republic of Mauritius. It was established in September 1967 as the central bank of Mauritius. It was modelled on the Bank of England and was, in effect, set up with the assistance of senior officers of the Bank of England. Amongst its responsibilities is the issuance of the Mauritian currency, the Mauritian rupee.
Banque Française Commerciale Océan Indien (BFCOI) is a French bank that since 2003 has been jointly owned by Mauritius Commercial Bank and Société Générale. It has its headquarters in Saint Denis, Réunion. It has more than 360 employees and more than 80 000 clients in its operations in Réunion, Mayotte, and Paris, which primarily engages in private banking.
Beachcomber Resorts & Hotels is the trading name of New Mauritius Hotels Ltd, a Mauritius-based company in the hospitality industry. It owns and manages eight hotels in Mauritius, one in the Seychelles and one in Morocco. It also operates an in-flight catering business and five tour operating companies around the world.
Ireland Blyth Ltd. (IBL) is the largest business group in Mauritius with a turnover of over 16 billion Mauritian rupees as of 2015 listed on the Stock Exchange of Mauritius. It operates in Commerce, Engineering, Financial Services, Logistics, Aviation & Shipping, Retail, Seafood & Marine sectors under various names, representing over 200 brands and employs over 6,000 people
Corruption in Mauritius follows the familiar patterns of state-based corruption, namely government officials abusing their political powers for private gain in the country of Mauritius.
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.
The MCB Tour Championship is a men's senior professional golf tournament on the European Senior Tour. It has been held every year, in December, since 2009.
