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    State Bank of Mauritius nine-month pretax profit up 18.3 pct

    Reuters – Wed, May 15, 2013

    PORT LOUIS (Reuters) - State Bank of Mauritius (SBM) said on Wednesday it expected demand for credit to suffer from a weak investment climate after posting an 18.3 percent rise in nine-month pretax profit.

    SBM, the Indian Ocean island's second-largest bank by market share, said pretax profit rose to 2.93 billion rupees in the first three quarters, driven mostly by an increase in net interest income.

    Earnings per share rose to 9.37 rupees from 7.70 rupees.

    SBM said in a statement it would continue to focus on geographical diversification and on using improved technology to increase efficiency.

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