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25 Feb 2019

2019: An optimistic outlook for the future

The bank has registered an encouraging financial performance for the six months ended 31 December 2018.

Despite economic headwinds, our operating income increased by 25.5% to MUR 1.8 bn for the same period last year while our Net Profit after Tax (NPAT) stood at MUR 968.5m. The strategic effort to strengthen the resources for recovering non-performing assets has also helped the profit level.

 

The Bank’s fundamentals remain strong, with a capital adequacy ratio of 15.84%. Our total loans and advances to customers stood at MUR 29.0bn and deposits from customers grew by 5.9% over the last 6 months to reach MUR 118.0bn.

 

This performance is a testimony to our discipline and passion to improve our offering, better serve you and remain alert to your needs.

 

You may view our condensed statements here.