The Mauritius Commercial Bank is aiming to raise more than 5 billion rupees that would allow it to go ahead with a restricting plan. The plan calls for separating the banking from the non-banking business of the corporation. Part of it is transferring assets and investments to MCB Holdings which will be created once the restructuring plan takes effect.

Mauritius Commercial Bank is the largest bank in the East African region when it comes to assets. It aims to raise the required amount with the use of subordinated notes which will be issued to the public. The bank is just waiting for approval from the regulatory authorities before issuing the notes which is going to be listed on the stock exchange. 

The bank seeks to use the 5 billion rupees that will be saved in order to fuel the growth of the company in the future and to cut down the losses because of the planned move.