Answer to Question #66898 in Accounting for soumedha Ramkhelawon

Question

you are required to analyse the financial statement of the Mauritius Commercial Bank Group for the year 2016 by elaborating on its financial position,financial performance,cash flows and changes in financial position.

Answer 1

Since its regional expansion, MCB operated as both a licensed bank and a holding company. In 2013, MCB embarked on a reorganization that sought to separate the banking and non-banking operations and raise capital in order to position itself for future growth.
During the restructure, shareholders of MCB exchanged their MCB shares for MCB Group shares on a 1:1 ratio and the various subsidiaries previously held by Mauritius Commercial Bank were unbundled to MCB Group. Its shares were then listed on the Stock Exchange of Mauritius on April 5, 2014 to replace those of Mauritius Commercial Bank on the Mauritian bourse.
Reference:
https://en.m.wikipedia.org/wiki/MCB_Group