PORT LOUIS May 12 Mauritius Commercial Bank
Group's (MCB) pretax profit rose 4 percent year-on-year
to 2.17 billion rupees ($61.88 million) in the third quarter to
March 31, helped by higher net interest income, the bank said on
MCB, which also operates in Madagascar, the Maldives, the
Seychelles, Mayotte, Mozambique and Reunion, saw its net
interest income increase by 5 percent to 2.35 billion rupees
during the quarter, the bank said in a statement.
It attributed the growth in net interest income mainly to
higher investment in government securities amid persisting
On a nine-month basis, the bank's pretax profit rose to 6.44
billion rupees, from 5.98 billion rupees a year ago.
"Group results for the year to June 2017 are expected to
grow satisfactorily, albeit at a slower pace than the growth
registered during the first nine months of the year given the
significant non-recurrent gains recorded in the last quarter of
the previous financial year," the bank said.
It said third-quarter earnings per share rose to 7.65 rupees
from 6.54 rupees in the same quarter in 2016.
($1 = 35.0700 Mauritius rupees)
(Reporting by Jean Paul Arouff; Editing by Aaron Maasho and