{{Verification|date=August 2022}} {{Infobox company | name = MCB Madagascar SA | logo = | vector_logo = | type = Private company | genre = | foundation = 1992 | founder = | location = MCB Head Office, Novotel Business Center, Alarobia, Antananarivo, Madagascar | origins = | key_people = | area_served = | industry = Finance | products = Banking | revenue = | operating_income = | net_income = | num_employees = | parent = MCB Group | divisions = | subsid = | owner = | company_slogan = | homepage = | footnotes = }}
'''MCB Madagascar''' is a commercial bank in Madagascar. It is a member of the Mauritius Commercial Bank Group of companies headquartered in Port Louis, Mauritius. It was formerly known as MCB Madagascar.
==History== The bank was established in 1992<ref>{{Cite web|url = http://www.mcb.mu/home/index_mcbnew.html|title = MCBM Opened in 1992|date = |accessdate = |website = |publisher = |last = |first = }}</ref> by two banking entities, Mauritius Commercial Bank Ltd and Standard Bank, in the name of '''Union Commercial Bank'''. The bank is a fully licensed commercial bank in Madagascar, which by 2007 had established branches in Antananarivo (Antsahavola, Ankonrondrano, Ankadimbahoaka, Ambohibao), Taomasina, and Mahajanga.<ref>[http://www.mcb.mu/home/index_mcbnew.html History of Union Commercial Bank]</ref> In 2007, the bank changed its name to Mauritius Commercial Bank (Madagascar) SA.<ref>[https://translate.google.com/translate?hl=en&sl=fr&u=http://www.mcbmadagascar.com/decouvrez/historique.asp&ei=WvIiSo_fHpSeMsv42L0J&sa=X&oi=translate&resnum=6&ct=result&prev=/search%3Fq%3DUnion%2BCommercial%2BBank%2Bmadagascar%26hl%3Den UCB became MCBM in 2007]</ref>
==Ownership== The original shareholders were Mauritius Commercial Bank (70%), Standard Bank South Africa (10%), BFCOI (10%), FIARO (5%) and Société Manofi (5%). See table below: Currently, the shareholding may differ from the original ratios in 1992.
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto" |+ '''MCB Madagascar SA stock ownership''' ! style="width:2em;" |Rank !!Name of owner!!Percentage ownership |- |1||MCB Group||80 |- |2||Banque Française Commerciale Océan Indien||10 |- |3||FIARO||5 |- |4||Société Manofi||5 |- | |'''Total''' |'''100''' |- |}
==See also== * Mauritius Commercial Bank Ltd * MCB Group * List of banks in Madagascar {{Portal|Banks}}
==References== {{Reflist|30em}}
==External links== * [http://www.mcb.mu/home/index_mcbnew.html History of MCB Madagascar as Union Commercial Bank] * [http://www.mcbmadagascar.com/ MCB Madagascar homepage] (French)
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Category:Banks of Madagascar Category:Companies based in Antananarivo Category:Banks established in 1992 Category:Economy of Madagascar