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HomeAfricaMauritius Commercial Bank makes US$105m profit

Mauritius Commercial Bank makes US$105m profit

The Mauritius Commercial Bank (MCB) announced on Tuesday a net profit of about US$105 million for the first nine months of the 2011/2012 fiscal year.

The Head of the Communications Department of the bank, Coopamah Ryan, said the performance is comparable to the corresponding period in 2010/2011.

However, he said the results were affected by provisions for bad debts which have doubled over the same period in 2010/2011, from US$6.4 million to US$13 million

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