Monday, 2 March 2009

Mauritius commercial bank

Mauritius commerical bank was allocated USD 5m out of the central banks USD 125m line to local lenders as part of the Islands small attempt to emulate the credit crunch bailouts. Despite this, the company has managed to report a rise in net income for the first half to US 57.7m.

The bank is well capitalised with a capital adequacy ratio of 15%, above the 10% minimum requirement.

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