Mauritius Commercial First-Quarter Profit Rises on Loan Income
This article is for subscribers only.
Mauritius Commercial Bank, the country’s largest lender by market value, said first-quarter profit rose 7.5 percent as income from loans grew.
Net income climbed to 1.14 billion rupees ($37 million) in the three months through September, from 1.06 billion rupees a year earlier, the Port Louis-based lender said today in a statement e-mailed by Anglo-Mauritius Stockbrokers Ltd. Net interest income, the amount banks earn from interest charges on loans, increased 11 percent to 1.75 billion rupees as loans advanced to 135.9 billion rupees from 125.8 billion rupees.