MCB runs not just the country’s biggest bank but also… rather incongruously, Mauritius’ biggest… restaurant! In this final episode of MCB Talk for 2024, we tell the story of how a company that employs over 3000 people engaged in wide-ranging activities—from financial markets to media and catering and, yes, good old banking—views its responsibilities towards them.We talk about how a decision taken more than 30 years ago to provide its employees with well-balanced, home-cooked style meals at an...
“Hire for attitude and train for skill” is MCB Group head of HR Allan Freed’s recommendation for facing the disruption technology is unleashing in the world of work as jobs evolve and new ones are created to cater to the changing expectations of a markedly younger workforce. In the latest episode of MCB Talk, Allan Freed and Krystel Bernard Knappova, MCB’s People Strategy Partner, discuss the cultural shift in the HR world and what companies like MCB can do to find and keep the best tal...
Global trade would not exist without a reliable and efficient way to make payments. As technology advances relentlessly, banks like MCB must continue investing in their payment solutions to provide a seamless experience to their clients.In this latest episode of MCB Talk, Sanjeev Hazareesing, MCB’s Head of Global Transaction Banking, lifts a veil on the mysterious world of money movement.
MCB is putting its money where its mouth is by offering businesses cheaper money to help their ecological transition, their adaptation to the impacts of climate change or otherwise create more resilience and sustainability in their business models. In this latest episode of MCB Talk, Aldo Sydonie and Narvika Seetahul from MCB’s Corporate and Institutional Banking (CIB) reveal how sustained conversations with their clients have led to the co-creation of at least two sustainable fina...
While de-risking is causing banks around the world to turn away potential clients from Africa because their home countries are deemed high risk, MCB has no such concerns, say Guy Ah Hang, MCB Private Banking International manager and Vanessa Lai Min, Investment Product and Services manager. In this latest episode of MCB Talk, they argue that the bank’s unparalleled understanding of the African continent, its expertise and solid foundations, together with the strengths of the MIFC, make M...
In this episode of MCB Talk, Ashvin Deena, the head of Global and International Corporates, explains how the bank is addressing challenges faced by its clients in Africa. Hard currency shortages, inflation, depreciation of African currencies, and high interest rates significantly impact businesses on the continent.Learn more about MBC’s role in Africa here.
Independent Trade Finance expert Rebecca Harding says it is, adding that Africa must define its needs. She explains that while elsewhere trade harms SDGs, in Africa, it can be a force for good if it creates jobs and supports communities. In this latest episode of MCB Talk, Rebecca Harding and MCB’s Arnaud Levasseur discuss how the USD 120 billion Trade Finance gap in Africa can be an opportunity for banks such as MCB to do business while supporting the sustainable development of the cont...
As MCB bags its very first Sustainability-Linked loan, Anbar Jowaheer, MCB’s Head of FI and Syndication, and Vanessa de Speville, MCB’s Head of Sustainability, Reputation and Engagement, discuss why these types of syndicated loans matter and where banks are in this gigantic mission of greening their operations.
Last year, 84% of MCB’s profits came from outside Mauritius. Philippe Touati, MCB’s new head of Corporate and Institutional Banking, talks to us about the increasing share of international business in MCB’s business model and what this says about MCB’s ambitions in the region and beyond.
The recent strong job numbers and undoubtedly discouraging inflation data are tempting the Fed to hold rates at current level for longer. Market conditions manifest a delay in the rate cut narrative.The present market indications suggest a 1% reduction by June, signaling a gradual return to normalcy.We anticipate the USD to uphold its prevailing status in the forthcoming months. In the near term, it's vital to keep an eye on the dollar index at 105; exceeding this threshold would spur momentu...
Podcast 2: Climate and Finance As MCB GM sets out to market ESG-themed investment products, we ask Sustainability Manager Stephane Lebon and Product Structurer Oodaye Joggesser about the seemingly contradictory nature of both subjects - climate and finance. Oodaye says a priority for MCB Financial Markets is to direct their clients to where the money is flowing and that in the coming years, there will be massive investment in water infrastructure, water utilities, and water treatme...
“Do you have any foreign currency risks in your business? If you do, how can we help you minimise the risks? Do you need to hedge your interest rates?” These, says Parik Tulsidas, head of MCB’s Financial Markets, are just a few of the questions his team asks clients. It’s crucial to ask the right questions, he says, so that the right solutions can be crafted.Find out more about MCB Financial Markets and what makes them tick in our podcast MCB Talk.
Quelles sont les spécificités du MCB Home Loan, comment fonctionne la capacité d'emprunt et quelle est la meilleure approche pour préparer son dossier ? Joëlle Sadien, Regional Manager à la MCB, vous aide à y voir plus clair et vous détaille les démarches et les étapes essentielles pour préparer un dossier solide, vous permettant ainsi d'optimiser vos chances d'obtenir votre prêt immobilier.
« Mo Juice twa ? » Quand une marque se transforme en verbe dans le parler populaire, c’est un signe encourageant. Mais l’application Juice n’est qu’une partie visible de la transformation digitale dans laquelle la MCB s’est engagée.La digitalisation des services bancaires est un énorme défi et pas seulement à cause de l’enjeu financier qu’elle représente. Nous faisons le point avec le Chief Operating Officer de la Banque, Vincent Chatard et le responsable de la technologie à la MCB, Patrice H...
Le financement est un élément crucial dans la lutte contre le changement climatique. La MCB a non seulement revu ses critères de financement mais compte jouer pleinement son rôle dans la finance verte.