For the 10th year running, MCB has been awarded the title of “Awards for Excellence: Best Bank in Mauritius 2023” by the prestigious Euromoney magazine. The Awards for Excellence are highly prized awards for banks and bankers of significance, and have been in existence since 1992. They were the first of their kind in the banking industry.
Referring to the reasons behind this award, Euromoney recalled the excellent financial performance of the MCB Group, which cumulatively achieved a 41.7% increase in net profits for the 2021/22 financial year and the first six months of the 2022/23 financial year. Net banking income over the same period rose by 24.1%, driven by higher trade finance revenues, the publication also noted.
Alain Law Min, CEO – MCB Ltd makes no secret of his satisfaction: “For the tenth year running, we have received the Euromoney Awards for Excellence: Best Bank in Mauritius. This international accolade demonstrates that the reputation and brand image of our institution are very strong. This distinction, and the nine others that preceded it, would not have been possible without the trust placed in us by our customers and the dedication of our staff. We have succeeded in maintaining sustained growth, both locally and internationally, while constantly innovating, including in terms of digitalization, as Euromoney emphasizes”.