MCB was awarded the 2016 Bank of the Year accolade for Mauritius by The Banker magazine, part of the Financial Times Group, at an awards ceremony held last night at The Hilton London Bankside. MCB has now won this trophy six times since 2008 and has retained its 2015 title.
Luke McGreevy of The Banker, said: “The judging panel felt that MCB made the most progress over the 12 months; something which is not only in terms of the bank’s strong financials, but also in the wide range of initiatives which the bank undertook during this period. This award recognition, by the world’s longest running international banking title, is testament to the strong management, sound business model and strategy of MCB.”
In its December 2016 edition, The Banker highlights the impressive financial results obtained by MCB in a highly sophisticated and competitive banking market. “For the second year in a row, Mauritius Commercial Bank (MCB), the country’s largest lender, has scooped the country award. This is no small feat in such a highly sophisticated and competitive banking market. But backed by impressive financial results, a sound growth strategy and a commitment to innovation, MCB emerged as a clear winner”.
The Banker highlighted the fact that MCB has a leading position in the domestic market in terms of financing large corporates as well as small and medium-sized enterprises (SMEs). It also pointed out that MCB is “the only bank in Mauritius with a comprehensive mobile and online banking platform, known as Juice, and the only bank in Africa to offer standout mobile features including cardless ATM transactions”.
Antony Withers, Chief Executive, MCB Limited, dedicates this award to customers and staff. “I would like to congratulate and thank our customers because they are our raison d’être and inspire us to keep moving boundaries in terms of service excellence. The award is also a true recognition of the dedication, team work and strong commitment of the staff to raising the level of service MCB provides to its customers”.
In The Banker’s December 2016 edition, he stated that “alongside strengthening capabilities to be ready for the next growth cycle, MCB will pursue its strategic objectives across market segments. Locally, the bank will look to strengthen its relationships with its individual and non-individual customers, helped by the widening use of digital technology.”