Fincorp Investment, in which The Mauritius Commercial Bank (MCB) has a 57.6% stake, was created when The Mauritius Commercial Bank Finance Corporation transferred all its banking activities to MCB. It now acts solely as an investment company and has on its books two strategic investments: Finlease, which is a fully-owned subsidiary, and a 46.3% stake in Promotion and Development.
Category: Related Companies
The Mauritius Commercial Bank
Incorporated in 1838 by Royal Charter and registered as a limited liability company in 1955, The Mauritius Commercial Bank (MCB) is engaged in the provision of a range of financial services. The MCB is listed on the Stock Exchange since 1989. The MCB offers core banking operations, as well as services, such as leasing, factoring, trade financing and investment management. The Bank carries out its activities in eight countries overseas through its subsidiaries, associated company, foreign branch and representative offices.