MCB Madagascar

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MCB Madagascar SA
Private company
Industry Finance
Founded 1992
Headquarters Rue Solombavambahoaka Frantsay 77, Antananarivo, Madagascar
Key people
J.R.Hein, Chairperson
H. Fleurot CEO
Products Banking
Parent MCB 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[edit]

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[edit]

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[edit]

References[edit]

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