International investors, whether looking for high-end property investments or planning to expatriate, often seek a trustworthy bank that meets international banking standards.
Q&A with MCB, which remains a reliable choice for these affluent investors.
How does MCB Private Wealth Management support its sophisticated clients in managing their day-to-day banking transactions?
Established in 1838, MCB is one of the few banks in Africa to have an "Investment-Grade" rating. Its stock market capitalisation represents over 25% on the Stock Exchange of Mauritius.
At MCB Private Wealth Management, we assist our sophisticated clients in managing their day-to-day banking transactions and support their local property acquisitions.
Clients can quickly repatriate their funds to Mauritius in their preferred currency. Our property financing is customised; loans can be in rupees or other currencies such as Euros or US dollars.
For this type of acquisition, at what point does your customer relationship usually begin?
Usually, when an investor identifies a property in Mauritius, they first contact a real estate agent or developer.
These intermediaries then refer them to a bank for account opening or financing assistance. This is generally when the banking relationship with MCB begins. We promptly engage with the client to understand their needs. Additionally, we are available to share our knowledge of the sector and the advantages of settling on our island before our prospective clients’ considerations.
What is MCB Private Wealth Management’s added value for foreign clients when investing in property in Mauritius?
We provide a personalised service. When clients invest in property in Mauritius, they can use their funds and access financing. They can hold accounts in different currencies (MUR, EUR, USD, ZAR, for example) and quickly repatriate their funds in their preferred currency. If they opt for financing, they can approach the project individually, as the primary guarantee is mainly a first-ranking mortgage on the property in Mauritius without involving their assets held abroad.
Once a client joins "M" at MCB Private Wealth Management, they also benefit from our expertise in asset management.
They can transfer funds and invest in the local stock market, or international financial markets, through opening a securities account. We offer investment solutions in self-management, advisory management, or discretionary mandates.
Beyond the investment in the real estate asset class, they also diversify their investments and can receive support in changing their tax residency.
Our fundamental purpose with "M" is to provide personalised and reassuring support, aiming to nurture and embrace the life projects of our foreign clients.
