The Mauritius Commercial Bank (MCB) is the leading banking and financial services provider in the Indian Ocean and East Africa.The Directors of the Mauritius Commercial Bank Ltd. (MCB) are pleased to submit to the shareholders the Annual Report of the Group and of the Bank for the year ended 30 June 2014. The report contains concise, material and transparent information relating to and impacting MCB Group Limited (hereinafter referred to as MCB Group Ltd or Company). In general, the report provides an overview and assessment of the operating background, governance structure, inherent functioning, strategic and market positioning and achievements, as well as the financial performances and prospects of the subsidiaries and associates held by MCB Group Ltd. The nature and extent of information delivered depend on the significance of each entity to the Group (with the term Group signifying the consolidation of all the subsidiaries and associates of MCB Group Ltd). Thus, banking activities catered for in and from Mauritius and undertaken under the aegis of The Mauritius Commercial Bank Limited with the appellation being interchanged with the MCB Ltd or Bank designation are prominently covered throughout the report. Overall, the period under review generally refers to the financial year spanning 1 July 2013 to 30 June 2014. In some instances and wherever deemed relevant, the report also extends beyond the financial reporting boundary.