The Mauritius Commercial Bank (MCB) Group has announced its unaudited financial results for the six months of FY 2025/26, where profit before tax witnessed an increase of 15.4 percent, sustained by a significant improvement in debt recovery.
The Chief Executive – MCB Group Ltd Jean Michel NG TSEUNG commented: “The Group profit before tax for the six months to December 2025 increased by 15.4 percent, reflecting the Group’s resilience in a challenging and uncertain market environment.”
This performance was also supported by a marked improvement in debt recovery during the period. Although the tax charges increased by 54.5 percent following the new fiscal measures introduced at the start of the financial year, profit attributable to ordinary shareholders grew by 5.5 percent to reach Rs 10.6 billion.
The MCB Group Chief Executive further added, “We are seeing good momentum across our business lines, both in our home and international markets, and this is driving steady balance sheet growth. Asset quality continues to strengthen, with the gross NPL ratio falling to 2.1 percent and the cost of risk trending downward. Our robust capital and liquidity position further reinforces our ability to grow responsibly and deliver on our Vision 2030 ambitions.”
In terms of financial performance, the group’s operating income witnessed an increase of 7.7 percent with an improvement in core earnings across all the operating clusters. While Net interest income increased by 4.1 percent on the back of a continued expansion of the Group’s interest-earning assets portfolio.
While the net gain on equity financial instruments declined by 89.6 percent, with fair value gains on Visa and Mastercard shares no longer recognised in the income statement as from this financial year. Since November 2024, the fair value changes of these securities have been recorded in other comprehensive income. The decline in net gains on equity financial instruments was, however, mitigated by fair value gains from the MCB Equity Fund.
Moreover, gross loans and advances (including corporate notes rose by 8.1 percent year on year to reach Rs 534.2 billion as at December 31, 2025. The increase is mainly driven by the growth of the domestic loan book, driven by higher disbursements in both the retail and corporate segments. While total deposits saw an increase by 6.9 percent year-on-year to Rs 822.3 billion, reflecting a rise in both rupee deposits and foreign currency deposits
