Mauritius Commercial Bank (Madagascar)
Encyclopedia
The Mauritius Commercial Bank (Madagascar) SA (MCB Madagascar) is a commercial bank in Madagascar
. It is a member of the Mauritius Commercial Bank Ltd Group of companies headquartered in Port Louis
, Mauritius
. It was formerly known as MCB Madagascar
in the name of Union Commercial Bank. The bank is a fully licensed commercial bank in Madagascar
, which by 2007 had established branches in Antananarivo (Antsahavola; Ankonrondrano; Ankadimbahoaka; Ambohibao, Taomasina, and Mahajanga
. In 2007, the bank changed its name to Mauritius Commercial Bank (Madagascar) SA.
{| style="font-size:100%;"
|-
| width="100%" align="center" | Mauritius Commercial Bank (Madagascar) SA Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Mauritius Commercial Bank Ltd||80
|-
|2||BFCOI||10
|-
|3||FIARO||05
|-
|4||Société Manofi||05
|-
|}
Madagascar
The Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa...
. It is a member of the Mauritius Commercial Bank Ltd Group of companies headquartered in Port Louis
Port Louis
-Economy:The economy is dominated by its port, which handles Mauritius' international trade. The port was founded by the French who preferred Port Louis as the City is shielded by the Port Louis/Moka mountain range. It is the largest container handling facility in the Indian Ocean and can...
, Mauritius
Mauritius
Mauritius , officially the Republic of Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean, about east of Madagascar...
. It was formerly known as MCB Madagascar
History
The bank was established in 1992 by two banking entities Mauritius Commercial Bank Ltd and Standard BankStandard Bank
The Standard Bank of South Africa Limited is one of South Africa's largest financial services groups. It operates in 30 countries around the world, including 17 in Africa.-History:...
in the name of Union Commercial Bank. The bank is a fully licensed commercial bank in Madagascar
Madagascar
The Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa...
, which by 2007 had established branches in Antananarivo (Antsahavola; Ankonrondrano; Ankadimbahoaka; Ambohibao, Taomasina, and Mahajanga
Mahajanga
Mahajanga is a city and a district on the north-west coast of Madagascar.- City :The City of Mahajanga is the capital of the Boeny region. Population: 135,660 ....
. In 2007, the bank changed its name to Mauritius Commercial Bank (Madagascar) SA.
Ownership
The original shareholders were Mauritius Commercial Bank Ltd (70%), Standard Bank South Africa (10%), BFCOI (10%), FIARO (5%) and Société Manofi (5%). See table below: Currently, the shareholding may differ from the original ratios in 1992.{| style="font-size:100%;"
|-
| width="100%" align="center" | Mauritius Commercial Bank (Madagascar) SA Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Mauritius Commercial Bank Ltd||80
|-
|2||BFCOI||10
|-
|3||FIARO||05
|-
|4||Société Manofi||05
|-
|}