MCB Group ranks 20th among African banking groups: The Banker
Also, under the MCB Rodrigues Scholarship program, three grant holders, namely Ludmilla Larcher, Jessika Momus and Anielle Espiègle (from left to right), were awarded scholarships at the MCB Head office in Port-Louis today, July 31, 2014. (Image: Cecilia Samoisi)
The recent ‘Top 1000 Banks’ ranking by The Banker reported that the Mauritius-based financial services major MCB Group was ranked 691th at the international level, securing it the 20th place among the foremost banking groups in Africa.
With a capital of USD 856 million (Rs 26.13 billion), the MCB is ranked 20th among the ‘Top 25’ of the African continent.
This classification takes into consideration eight banks from Nigeria, six from South Africa, three from Morocco, Egypt and Angola and one from Togo and Mauritius each.
Described among the ‘Highest Movers’ in Africa, The Banker stated that the MCB, with a progress of about 10% on its Tier 1 Capital to USD 856 million, arrives at the 9th position among 10 outperforming banks in Africa.
Not only does it display strong financials but the MCB Group is also thrusting ahead in the field of Corporate Social Responsibility, and is actively contributing to educational development with its scholarship program.
Under the program, three grant holders, namely Ludmilla Larcher, Jessika Momus and Anielle Espiègle, were awarded the MCB Rodrigues Scholarship at the MCB Head office in Port-Louis today, July 31, 2014.
The prize-winners of this, the 14th edition, were selected by the MCB Forward Foundation (MCBFF) and will have the opportunity to carry forward their studies at the University of Mauritius by undertaking a BA (Hons) English, a BSc (Hons) Chemistry and a BSc (Hons) Applied Biochemistry respectively as from next August 4, 2014.
“This new educational adventure which you are embarking upon is not only the outcome of your efforts so far, but also an opportunity to determine your future and to live on your own terms,” said Gilbert Gnany, Chief Strategy Officer at MCB Group Limited.
Ludmilla Larcher, passionate about English literature, would like to work in the education sector.
“I am hoping to pursue a career as a high-school English teacher in Rodrigues, which is a job in high demand. English literature is my passion and I was lucky to have teachers who inspired me,” she said.
The next winner, Jessika Momus, has always loved chemistry and chooses to make it her life calling.
“I always had a preference for mathematics and chemistry. When my teacher taught me the rudiments of chemistry in Form 4, I felt in love with this subject. I am ready to embark on my course curriculum at the University of Mauritius,” she said.
As for Anielle Espiègle, she wishes to follow a career in medicine because the discovery of new medicines fascinates her.
“I have wanted to work in the health field since childhood and wish to find cures to diseases based on studying cultures of germs in the laboratory,” she said.
Founded in 2000 to mark ten years of MCB at Port Mathurin, the MCB Rodrigues Scholarship gives the opportunity to at least one student from Rodrigues to win a scholarship extended over three years.
The student must abide by certain eligibility criteria such as being of Rodrigues origin and living in Rodrigues, hailing from a low-income family, opting for a sector which will contribute to the development of the island, and finally, working on the island after completion of their studies.
The scholarship grant covers a monthly allowance reimbursing expenses for school equipment, accommodation, transportation as well as air ticket to and from Rodrigues.
Gilbert Gnany highlighted that Rodrigues has a prominent place in the social strategy of MCB Group, with the MCBFF guaranteeing the financing of a radiography unit at Mont Lubin Health Centre last June.
Further, the MCBFF worked on the implementation of a Football Academy at Patate Théophile, based on the existing model in Mauritius.
Finally, the latter announced that from this year onwards a support group would be organized to facilitate the students’ integration in their new study environment.
- By Marie-Lorry Coret and Cecilia Samoisi