MauBank Reports 29.5% Pretax Profit Rise for FY2026
1 report, 1 independent
Updated Oct 23
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What happened
MauBank reported that its pretax profit rose 29.5% to Rs 1.19 billion for the year ending June 30, 2026, according to its own statements. Net operating income grew 8.4% to Rs 2.88 billion, but net profit increased by only 6.2% to Rs 888.7 million. This was due to the income tax bill more than tripling.
From riotimesonline.com
Why it matters
The growth in pretax profit was primarily driven by a 40% reduction in bad-loan charges. Despite strong operational income growth, the significant rise in the tax burden limited the growth in net profit.
From riotimesonline.com
Who's involved
- MauritiusJurisdiction where the financial institution operates
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The entities involved
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Mauritius
island sovereign state off of East Africa in the Indian Ocean