|Headquarters||Rue Solombavambahoaka Frantsay 77, Antananarivo, Madagascar|
H. Fleurot CEO
The bank was established in 1992 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. In 2007, the bank changed its name to Mauritius Commercial Bank (Madagascar) SA.
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.
|Rank||Name of Owner||Percentage Ownership|
|2||Banque Française Commerciale Océan Indien||10|