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Tag "financial year 2013-2014"

Bramer Bank achieves pre-tax profit of Rs 43.2 million in first half of 2014

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

Mauritius Commercial Bank sees group profits up 3.4% for 9 months to March 31

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 Commercial Bank sees over 12% rise in first-half profits

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

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