Mauritius financial services major Bramer Banking Corporation registered a profit before tax of Rs 43.2 million for the six month period ended June 30, 2014, an almost four-fold rise over Rs 11.6 million achieved in the corresponding period last year. In addition, for the quarter ended June 30, 2014, the bank achieved a profit before tax of Rs 22.4 million against Rs 4.5 million in the year-ago period. Bramer Bank
Tag "financial year 2013-2014"
Mauritius’ financial services major Mauritius Commercial Bank (MCB) declared group profits before tax of Rs 3.96 billion for the nine months to March 31, 2014, growing nearly 3.4% over the year-ago period. Despite the testing economic environment and unfavorable conditions in the money market, the MCB saw its net interest income increase by 4.1% to reach Rs 5.51 billion. Furthermore, net fee and commission income saw an increase of 4.8%
Mauritius’ financial services major MCB declared group profits before tax of Rs 2.99 billion for the half year to 31st December, growing nearly 12.5% over the year-ago period. MCB, the biggest bank by market value in east Africa and the Indian Ocean region, noted in its financial statement that earnings from foreign-sourced activities and non-banking operations contributed over half of the above. Underpinned by the continued rise in the loan