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Mauritius Commercial Bank (Madagascar)
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 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. Ownership 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. See also * Mauritius Commercial Bank Ltd * MCB Group MCB Group Limited is a financial services holdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antananarivo
Antananarivo ( French: ''Tananarive'', ), also known by its colonial shorthand form Tana, is the capital and largest city of Madagascar. The administrative area of the city, known as Antananarivo-Renivohitra ("Antananarivo-Mother Hill" or "Antananarivo-Capital"), is the capital of Analamanga region. The city sits at above sea level in the center of the island, the highest national capital by elevation among the island countries. It has been the country's largest population center since at least the 18th century. The presidency, National Assembly, Senate and Supreme Court are located there, as are 21 diplomatic missions and the headquarters of many national and international businesses and NGOs. It has more universities, nightclubs, art venues, and medical services than any city on the island. Several national and local sports teams, including the championship-winning national rugby team, the Makis are based here. Antananarivo was historically the capital of the Merina peop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Madagascar
Madagascar (; mg, Madagasikara, ), officially the Republic of Madagascar ( mg, Repoblikan'i Madagasikara, links=no, ; french: République de Madagascar), is an island country in the Indian Ocean, approximately off the coast of East Africa across the Mozambique Channel. At Madagascar is the world's List of island countries, second-largest island country, after Indonesia. The nation is home to around 30 million inhabitants and consists of the island of Geography of Madagascar, Madagascar (the List of islands by area, fourth-largest island in the world), along with numerous smaller peripheral islands. Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian subcontinent around 90 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of wildlife of Madagascar, its wildlife is endemic. Human settlement of Madagascar occurred during or befo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MCB Group
MCB Group Limited is a financial services holding company. Its headquarters is located in Port Louis, Mauritius, with subsidiaries and investments in Mauritius, France, India, Madagascar, Maldives, Mayotte, Mozambique, Réunion, Seychelles and South Africa. Overview MCB Group is a large financial services conglomerate. As of 31 March 2015, it had an estimated asset base of over US$7.4 billion (MUR 267.7 billion) and estimated shareholders' equity of more than US$1.0 billion (MUR 35.2 billion). The group is listed as one of the top 10 companies listed on the Stock Exchange of Mauritius in terms of annualized returns. A 2015 report by Business Magazine indicated that the MCB Group was the most valuable company in the Eastern Africa and the Indian Ocean region in terms of market value and was the most profitable company in Mauritius. History MCB Group Ltd was incorporated on 5 August 2013 during the corporate restructure of Mauritius Commercial Bank (MCB). Previously, MCB oper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritius Commercial Bank
Mauritius Commercial Bank (MCB) is a commercial bank in Mauritius. MCB is licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator. The bank's headquarters are located in Port Louis, Mauritius. Overview Mauritius Commercial Bank, founded in 1838, is the oldest and largest banking institution of Mauritius. It is also the oldest banking institution south of the Sahara and one of the oldest banks of the Commonwealth to have preserved its original name. MCB has a local network of 40 modern branches and 150 ATMs. The holding structure of the MCB Group translates its two-fold strategy namely diversification into financial services through local subsidiaries and associated companies and regional expansion through its foreign subsidiaries. MCB operates in Madagascar, Maldives, Mozambique and Seychelles. The Group has also consolidated its presence in Réunion, Mayotte and Paris through BFCOI, its associate. The MCB opened a representative offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Louis
Port Louis (french: Port-Louis; mfe, label= Mauritian Creole, Polwi or , ) is the capital city of Mauritius. It is mainly located in the Port Louis District, with a small western part in the Black River District. Port Louis is the country's economic, cultural and political centre, and most populous city. It is administered by the Municipal City Council of Port Louis. According to the 2012 census conducted by Statistics Mauritius, the population was 147,066. History Port Louis was used as a harbour by the Dutch settlers from 1606, when they started to refer to the area as ''Harbour of Tortoises''. In 1736, under French government, it became the administrative centre of Mauritius and a major reprovisioning halt for French ships during their passage between Asia and Europe, around the Cape of Good Hope. The Port is named in honour of King Louis XV. During this period of French colonization, Mauritius was known as Ile de France. The French governor at that time, Bertrand-Franç ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritius
Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Agaléga and St. Brandon. The islands of Mauritius and Rodrigues, along with nearby Réunion (a French overseas department), are part of the Mascarene Islands. The main island of Mauritius, where most of the population is concentrated, hosts the capital and largest city, Port Louis. The country spans and has an exclusive economic zone covering . Arab sailors were the first to discover the uninhabited island, around 975, and they called it ''Dina Arobi''. The earliest discovery was in 1507 by Portuguese sailors, who otherwise took little interest in the islands. The Dutch took possession in 1598, establishing a succession of short-lived settlements over a period of about ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toamasina
Toamasina (), meaning "like salt" or "salty", unofficially and in French Tamatave, is the capital of the Atsinanana region on the east coast of Madagascar on the Indian Ocean. The city is the chief seaport of the country, situated northeast of its capital and biggest city Antananarivo. In 2018 Toamasina had a population of 325,857. History Under French rule, Toamasina was the seat of several foreign consuls, as well as of numerous French officials, and was the chief port for the capital and the interior. Imports consisted principally of piece-goods, farinaceous foods, and iron and steel goods; main exports were gold dust, raffia, hides, caoutchouc (natural rubber) and live animals. Communication with Europe was maintained by steamers of the Messageries Maritimes and the Havraise companies, and also with Mauritius, and thence to Sri Lanka, by the British Union-Castle Line. During the colonial period, owing to the character of the soil and the formerly crowded native population, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mahajanga
Mahajanga (French: Majunga) is a city and an administrative district on the northwest coast of Madagascar. The city of Mahajanga (Mahajanga I) is the capital of the Boeny Region. The district (identical to the city) had a population of 220,629 in 2013. Mahajanga is a tourist destination for Malagasy tourists and international travelers, with beaches, a coconut-lined boardwalk ("Le Bord", short for "Bord de la mer" or sea-side), and eight months of hot, virtually rain-free weather. City Mahajanga is a seaport, the second most important one in Madagascar after Toamasina. The marine terminal accommodates containerships and small (150 gross ton) general cargo freighters. Because of limited water depth at the wharf, only small ships can call at the terminal. Deeper-draft ships anchor off the terminal and transfer cargoes to and from barges, which move it to and from the terminal. Severe storms during December 2006 damaged the bulkhead, allowing water to flow in and wash backfi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Française Commerciale Océan Indien
Banque Française Commerciale Océan Indien (BFCOI) is a French bank that since 2003 has been jointly owned by Mauritius Commercial Bank and Société Générale. It has its headquarters in Saint Denis, Réunion. It has more than 360 employees and more than 80 000 clients in its operations in Réunion (13 branches), Mayotte (three branches), and Paris (one branch), which primarily engages in private banking. History In 1984, the Banque Française Commerciale (BFC; the former Franco-Chinese Bank) restructured itself as a holding company. It established three legally and operationally distinct companies: (BFC), with branches in France; BFCOI, with branches in Reunion, Mayotte and the Seychelles; and (BFCAG), with branches in French Guiana and the Antilles. Banque Indosuez owned the entire share capital of all three entities. Banque Indosuez sold a majority position (66.66%) in BFCOI to Mauritius Commercial Bank (MCB) in 1996; Banque Indosuez retained 22.22%. The next year, BFCOI o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
