MCB Group: Pre-Tax Profits of Rs 6.85 Billion in 3 Months

The MCB Group has reported a strong performance for the first quarter ending September 2025. It achieved pre-tax profits of Rs 6.85 billion, marking a 14.6% increase compared to the same period in 2024. Net profits for the group rose from Rs 4.84 billion last year to Rs 4.97 billion this year.*

This growth is primarily attributed to an increase in operational revenues and a reduction in provisions for bad debts. "However, this momentum has been tempered by new tax measures in Mauritius, which have increased the effective tax rate from 19% to 27.4%,” the management stated on Wednesday, November 12.

Consequently, they noted that the profit attributable to ordinary shareholders increased by only 2.6% to reach Rs 4.93 billion.

How will the situation evolve in the coming months? "The global context remains uncertain, marked by prolonged geopolitical tensions and fiscal vulnerabilities impacting activity levels. The MCB Group anticipates feeling the effects of expected interest rate cuts in the United States and will continue to face increased tax burdens imposed on banks in Mauritius. In this context, the Group remains fully focused on its objectives, ensuring rigorous execution of its strategy," the management anticipates.

*Quarter ending in September.