Port Louis, MAURITIUS
VIJAY SHAH via Le Defi
The Mauritius Commercial Bank (MCB), one of the largest banking firms operating on the Indian Ocean island, has been declared ‘2016 Bank of the Year – Mauritius’ for the sixth year in a row, French-language Le Defi Media Group reported this past Friday.
The bank, one of the island’s few indigenously operated financial institutions has won the coveted title six times in the past eight years. A feature of the Mauritian high street with its distinctive red and white livery and stylised red sailboat logo, MCB received its latest award from The Banker, a banking magazine covering retail finance, technology and investments globally, and part of the prominent London based Financial Times group, who also publish the highly regarded Financial Times newspaper here in London.
Luke McCreevy, representing The Banker cited MCB’s record of offering local excellence in the island’s lucrative banking sector. He said “The jury found that the MCB is the Mauritian bank that grew the most during the last twelve months. This growth is reflected not only in the excellent financial results achieved but also by the range of initiatives taken by the MCB during this period,”
Antony Withers, MCB chief executive said “This award inspires us to do even better in 2017, and already we intend to offer our clients even more services, more effectively,”
MCB, headquartered in the Mauritian capital, Port Louis, also maintains branches in the Seychelles, Maldives and in Madagascar. It is the oldest bank on the island, founded in 1838, as well as also having the distinction of being one of the oldest retail finance institutions in sub-Saharan Africa. After a slow and rocky start, the bank began to massively expand in the post-World War II years and now maintains forty branches and 150 cash machines in Mauritius alone.