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MCB Madagascar

MCB Madagascar SA
Company typePrivate company
IndustryFinance
Founded1992
HeadquartersMCB Head Office, Novotel Business Center, Alarobia, Antananarivo, Madagascar
ProductsBanking
ParentMCB Group

MCB Madagascar is a commercial bank in Madagascar. It is a member of the Mauritius Commercial Bank Group of companies headquartered in Port Louis, Mauritius. It was formerly known as MCB Madagascar.

History

The bank was established in 1992[1] by two banking entities, Mauritius Commercial Bank Ltd and Standard Bank, 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.[2] In 2007, the bank changed its name to Mauritius Commercial Bank (Madagascar) SA.[3]

Ownership

The original shareholders were Mauritius Commercial Bank (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.

MCB Madagascar SA Stock Ownership
Rank Name of Owner Percentage Ownership
1 MCB Group 80
2 Banque Française Commerciale Océan Indien 10
3 FIARO 5
4 Société Manofi 5
Total 100

See also

References

  1. ^ "MCBM Opened in 1992".
  2. ^ History of Union Commercial Bank
  3. ^ UCB became MCBM in 2007
Quelle: https://en.wikipedia.org/wiki/Mauritius_Commercial_Bank_(Madagascar)