MCB Group Limited announced earnings results for the nine months ended March 2014. For the period, the company reported profits declined by 1.9% to MUR 3,147 million essentially due to an increase in impairment charges, primarily at the level of the Bank's Global Business loan portfolio. Net interest income rose by 4.1% despite the testing economic environment and unfavourable conditions in the money market. Furthermore, net fee and commission income increased by nearly 5%. Operating income grew by 5.8% on the back of sustained market development initiatives, while growth in operating expenses was contained at 6%, underpinned by efficiency gains.

On current trends and given difficult operating conditions, results for 2014 anticipated to be similar to those registered in the previous year.