Ebène, Mauritius, October 5: MauBank has witnessed a rise in profit before tax by 30 percent to reach Rs 1.18 billion for the financial year ended 30 June 2026, as compared with Rs 908 million in the corresponding period of last year. The financial results showcased that the bank has posted profit above tax at Rs 800 million for the third consecutive year, while profit after tax reached Rs 878 million, accounting for an increase of 6 percent from Rs 829 million in 2025.
On the other hand, the corporate tax distribution has increased by 3.8 percent, accounting for more than a 277 percent rise, from Rs 79 million in 2025 to Rs 298 million in 2026, constituting a significant increase that moderated the growth in profit after tax.
One of the key takeaways is that the performance was underpinned by continued growth in the bank’s core activities, where the net operating income increased by 8 percent to Rs 2.67 billion in 2025. Moreover, lower net impairment charges have also supported the growth in profit after tax.
On the other hand, interest income witnessed an increase by 7 percent to reach Rs 3.22 billion, while non-interest income, before fee and commission expenses spurred by 32 percent to reach Rs 1.20 billion, reflecting stronger trading and other income as well as improved results from investment disposals. The Net trading income rose by 12 percent to reach Rs 708 million.
MauBank continued to expand both sides of its balance sheet during the year, with net loans and advances to customers growing by 13 percent to Rs 34.06 billion, while customer deposits rose by 18 percent to Rs 59.85 billion. Total assets increased by 18.5 percent to Rs 68.23 billion at 30 June 2026, compared with Rs 57.57 billion the previous year.
Chairman of MauBank Sanjay Matadeen underlined, “It is comforting to see the progress of the bank as demonstrated by the positive growth in deposits, loan portfolio, assets and profits. The Board of Directors commends the efforts of staff members, and is reassured of the continued trust of customers and stakeholders. This coming financial year will see a refresh of corporate strategy of the bank, aligning the actions of the bank to Mauritius economic priorities and progress.”
On the other hand, Officer-in-Charge of MauBank, Issa Soormally, added: “Our performance this year reflects the continued expansion of MauBank’s customer franchise, with solid growth across both lending and deposits. The 30 percent increase in profit before tax was supported by higher operating income and lower impairment charges, demonstrating the strength and resilience of our underlying business. Our priority now is to build on this momentum by converting the Bank’s increased scale into sustainable earnings growth. We will continue to pursue disciplined lending, deepen our relationships with customers and strengthen operational efficiency. Our ambition is not simply to grow the volume of business we undertake, but to increase the value we create through every banking relationship. These results are a collective achievement. I would like to thank our colleagues across MauBank for their dedication and contribution throughout the year, and our customers for the confidence and trust they continue to place in us.”
