Mauritius’s central bank rated Mauritius Commercial Bank, the nation’s biggest lender and the State Bank of Mauritius Ltd. as “satisfactory” in new financial tests, the Bank of Mauritius said.
The ratings look at commercial banks’ capital, asset quality, management, earnings and liquidity, the Port Louis- based central bank said in a statement on its website.
The monetary policy committee will meet again today. If exporters are in favor of maintaining the rate in the worst case and a lower rate in the best case, many observers argue that such a decision will not change the situation. Here are their views.
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The Bank of Mauritius has initiated an investigation of the Mauritius Commercial Bank (MCB). A customer, whose company was put into "receivership", complained of the treatment of his case. The MCB replies that it will cooperate with the Central Bank.
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