The Mauritius Commercial Bank (MCB) is the leading banking and financial services provider in the Indian Ocean and East Africa.
The Directors of the Mauritius Commercial Bank Ltd. (MCB) are pleased to submit to the shareholders the Annual Report of the Group and of the Bank for the year ended 30 June 2015.
The report covers the period spanning 1 July 2014 to 30 June 2015. Wherever deemed relevant, the report also extends beyond the financial reporting boundary for a better understanding of the Group. Specifically, the report provides an overview and appraisal of the operating background, governance structure, inherent functioning, strategic and market positioning and achievements, as well as the financial performances and prospects of the subsidiaries and associates held by MCB Group Ltd. The nature and extent of information delivered depend on the significance of each entity to the Group. Thus, banking activities catered for in and from Mauritius and undertaken under the aegis of The Mauritius Commercial Bank Limited – with the appellation being interchanged with ‘MCB Ltd’, ‘MCB’ or the ‘Bank’ designation – are prominently covered throughout the report. Focus is laid, throughout the report, on initiatives and performance outcomes that are deemed to be material enough to notably impact our strategic realisations and stakeholders’ assessments of our ability to consistently meet their requirements.