About MCB
MCB is a company based in Port Louis (Mauritius) founded in 1838 was acquired by Hpsgroup in February 2021. It operates as a Professional Services, and Subscription Services. MCB offers products and services including Personal Banking, Corporate Banking, and Credit Cards. MCB operates in a competitive market with competitors including Investec, Scotiabank, State Bank of Mauritius, MauBank and AfrAsia Bank, among others.
- Headquarter Port Louis, Mauritius
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Mauritius Commercial Bank
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Products & Services of MCB
MCB offers a comprehensive portfolio of products and services, including Personal Banking, Corporate Banking, and Credit Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal accounts and loans are offered for individuals.
Corporate lending and trade finance are provided here.
Various credit cards are available for different needs.
Funding Insights of MCB
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MCB
MCB has secured backing from 1 investor. Prominent investors backing the company include HPS Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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HPS Group is engaged in global wholesale and distribution.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by MCB
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MCB
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mcb Comparisons
Competitors of MCB
MCB operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, Scotiabank, State Bank of Mauritius, MauBank and AfrAsia Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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Commercial banking services are provided internationally by Scotiabank.
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Diversified banking and financial services are provided in Mauritius.
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Operates as a commercial bank, offering deposits, loans, and payment services to customers.
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Commercial banking services are offered in Port Louis, Mauritius.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mcb
Frequently Asked Questions about MCB
When was MCB founded?
MCB was founded in 1838.
Where is MCB located?
MCB is headquartered in Port Louis, Mauritius.
What does MCB do?
MCB is established as a prominent provider of personal, corporate, and institutional banking services in Mauritius. A wide range of financial solutions, including savings accounts, loans, credit cards, and investment products, are offered. Services are extended to SMEs and global businesses with tailored financing and payment solutions. Operations are focused on delivering accessible banking through digital platforms like MCB Juice and Internet Banking. The bank is also engaged in sustainable financing and trade finance, supporting both local and international clients across various sectors.
Who are the top competitors of MCB?
MCB's top competitors include Investec, Scotiabank and State Bank of Mauritius.
What products or services does MCB offer?
MCB offers Personal Banking, Corporate Banking, and Credit Cards.
Who are MCB's investors?
MCB has 1 investor. Key investors include HPS Group.