In its comments, Euromoney recalled the solid financial performance of MCB Group, which has achieved a cumulative increase in net profits of 41.7% for the financial year 2021/22 and the first six months of the financial year 2022/23. Operating income soared by 24.1% during the same period due to increased trade finance operations revenue. 

 

Euromoney also pointed out that the MCB "remains the Bank of choice for the island's population with a 31% market share of retail customers and 45% share of corporate customers".