Maubank of Mauritius Turns a Profit Just Months After Formation

  • Lender targets pretax profit of 200 million rupees in 2017
  • International banks express interest in acquiring a stake

A Mauritian lender established by merging a mismanaged state-owned bank and a nationalized lender is already in the black just months after its formation and targets a 200 million-rupee ($5.7 million) pretax profit in 2017, Chief Executive Officer Sridhar Nagarajan said.

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