17 JUN 2024

Equality drives success


Despite the significant progress achieved over the years, the battle for gender equality in the workplace has not been won yet. The gender pay gap, an important part of that battle, remains a pervasive issue across industries and geographies despite the numerous campaigns that denounce this inequity.

At MCB Group, we believe that true progress lies in our ability to bridge this gap, ensuring that every individual is rewarded fairly for his or her contributions, irrespective of gender. Achieving the EQUAL-SALARY certification and being the first bank in Africa to do so is a milestone for MCB Group.

The gender pay gap is more than just a statistic; it reflects deep-rooted inequalities that affect women's economic security and career advancement. Yes, addressing this gap is a matter of fairness, but it’s also a business imperative. Studies have consistently shown that gender-diverse teams drive better business outcomes, fostering innovation, enhancing decision-making, and improving financial performance.

Achieving the EQUAL-SALARY certification was a rigorous process that involved a thorough assessment of our pay practices, policies, and workplace culture by PwC. They conducted the analysis and audits to give assurance to the EQUAL-SALARY FOUNDATION that our commitment to equal pay was fully embedded in every aspect of our operations. This journey has reinforced our belief that transparency, accountability, and continuous improvement are key to maintaining a fair and inclusive workplace.

As leaders, we are responsible for championing gender equality within our organisations. This involves implementing fair pay practices and fostering an environment where all employees feel valued and empowered. At MCB Group, we have taken several steps to support the professional growth of women, including mentorship programmes, leadership development initiatives, and policies that promote work-life balance.

Rejoicing in this achievement does not prevent us from recognising that the journey towards gender equality is ongoing. We call upon our peers in the financial services industry and beyond to join us in this mission. By committing to equal pay and creating opportunities for women to thrive, we can build a more equitable and prosperous future for all.

At MCB Group, we believe that equal pay is a fundamental value that drives our success. Together, let us continue to work towards a world where every individual's contributions are recognised and rewarded fairly, paving the way for a more inclusive and equitable society.


Jean Michel Ng Tseung
CEO, MCB Group


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