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Bank of Mozambique: BCI, Bim and Standard Banks of Systemic Importance

Bank of Mozambique: BCI, Bim and Standard Banks of Systemic Importance

Banco Comercial e de Investimentos (BCI), Banco Internacional de Moçambique (Millennium bim) and Standard Bank remain the three credit institutions of systemic importance, announced on Wednesday, April 19, the Bank of Mozambique (BoM).

In the ratio that measures the importance to the sector, labeled with the English acronym ‘D-SIB’, BCI tops the list with 253 points, followed by Millennium bim with 238 and Standard Bank with 131.

Absa Moçambique bank maintains the position of almost systemic importance, with 95 points.

According to the central bank, the three banking institutions are the same as those that led the list last year, with BCI and Millennium bim switching positions.

The result of the assessment, which the BdM must publish annually by the end of April, was published today, Wednesday, April 19th, in the notícias newspaper.

The law requires the central bank to publish by April 30th of each year the list of credit institutions classified as ‘D-SIB’ or ‘almost D-SIB’, based on data reported on December 31st of the previous year.

The list includes another 30 domestic institutions that the Bank of Mozambique considers to be of no systemic importance.

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