Banking

“Zambezia and Inhambane Ranked as Least Saving Provinces” – Bank of Mozambique

The level of savings measured by total deposits made in financial institutions at the national…

Cyclone Gombe and Ana Victims Receive Support from Moza Banco

The victims of cyclones Gombe and Ana, which recently affected the province of Nampula, continue…

Results of Millennium Bim Rise 40.5

Mozambican bank Millennium bim, majority-owned by the BCP group, posted a 40.5 percent rise in…

Bank of Mozambique Seeks to Accelerate Digitalization of Payment System

The Bank of Mozambique (BM) is drawing up a vision of the National Payment System…

Mozambique Reference Interest Rate Rise to 19.1% in May

The reference interest rate in Mozambique will rise by 50 basis points to 19.1% in…

Benchmark Interest Rate in Mozambique rises to 19.1% in May

The reference interest rate for credit operations in Mozambique will rise 50 basis points to…

Standard Bank “Remains Solid”, with “Criterious and Rigorous” Management and Working “Closely with the Central Bank”

In the presentation of the results for the financial year 2021, “direct communication” was the…

MADER and Moza Banco Sign Agreement for Financing Rural Enterprises

The Ministry of Agriculture and Rural Development (MADER) through the International Fund for Agricultural Development…

Credit Suisse May Replace Top Lawyer as Legal Battles Mount

• Swiss bank faces a series of legacy and recent lawsuits• Bank may also change…

BCI Nearly Doubles Net Profit in 2021

The Commercial and Investment Bank (BCI) almost doubled its net result in 2021 in comparison…