MCB has opted to upgrade its core banking system in order to help minimize system downtime and support its rapidly growing online business. MCB needed to enhance the system efficiency because it has ...

Net Income: Q4 net income of $14.6 million, a significant rebound from Q4 2022's net loss of $7.7 million. Deposits and Loans: Total deposits grew to $5.7 billion, while net loans reached $5.6 billion ...

PORT LOUIS, Mauritius--(BUSINESS WIRE)--On behalf of The Mauritius Commercial Bank Ltd (the “Borrower”, or “MCB”), Standard Chartered Bank (“SCB”) and Sumitomo Mitsui Banking Corporation Europe ...

MCB Bank said on Wednesday it intends to acquire Burj Bank, one of the five Islamic banks operating in the country. Subject to the State Bank of Pakistan (SBP) and other regulatory approvals, the most ...

ON the morning of 15th of this month a flurry of activity was witnessed in the financial markets as MCB Bank Limited and NIB Bank Limited announced that they were in a preliminary non-binding ...

Metropolitan Bank has lost nearly 70% of its value over the past year. The firm's involvement in cryptocurrency and FinTech-related businesses has attracted the interest of short sellers. I believe ...

PORT LOUIS, Mauritius--(BUSINESS WIRE)--Mauritius Commercial Bank (MCB) Ltd (https://www.MCB.mu), the banking arm of MCB Group, ambitions to become a more prominent player in the African energy ...

A group of first Smart Flex accountholders with MCB Bank senior management at the launch MCB Bank Limited Sri Lanka announced the launch of two new financial solutions designed to meet the evolving ...

The majority shareholder of NIB Bank is in talks with MCB Bank for its merger with and into one of Pakistan’s largest commercial banks, a securities filing said on Tuesday. MCB is holding preliminary ...

MCB is one of the pioneers of the banking sector of Pakistan. The bank was incorporated in the private sector in 1947, however, in 1974, it was nationalized. The bank was later privatized in 1991. MCB ...

ISLAMIC banking has continued its upward march in the country, with the industry’s assets growing 28pc year-over-year and crossing the Rs1.3tr-mark by March. Similarly, the sector’s deposit-base went ...