The Banco Comercial e de Investimentos, Mozambique’s largest bank by assets, credit and deposits, recorded a 40.3% decline in profits in 2025, closing the financial year with net income equivalent to 57 million dollars, according to Lusa.
The performance was pressured by increased impairment provisions linked to exposure to public debt and extraordinary costs associated with commission reimbursement processes, the bank said.
According to its annual report, results were affected by non-recurring factors, including heightened sovereign risk and adjustments to positions linked to public debt. Nevertheless, management maintained that the results remained at what it described as solid levels.
The bank also reported that it maintained its leading position in the national banking system, serving around 2.5 million customers in 2025. The decline in profits extends a downward trend that began the previous year. In 2024, net income had fallen to 95.6 million dollars, after a record high of 129.6 million dollars in 2023.
At the operational level, total assets grew by 3.96% in 2025 to 3.8 billion dollars. Of this amount, gross customer credit totalled 1.1 billion dollars, a decrease of 7.59% compared to the previous year, while deposits increased by 4.47% to 3 billion dollars.
Banking income also rose by 4.23%, reaching 355.5 million dollars by December. In contrast, the non-performing loan ratio, according to Bank of Mozambique criteria, worsened by 3.21 percentage points to 14.18%.
In terms of market share, BCI maintained leadership in deposits (24.32%), credit (24.64%) and assets (21.96%). The bank ended the year with 211 branches and 2,702 employees.
In its report, management said the institution continues to have “the most extensive and widespread presence in the financial system,” adding that its indicators reflect a long-standing relationship of trust with clients.
BCI has a share capital equivalent to 158 million dollars and is majority-owned by Caixa Geral de Depósitos through Caixa Participações (51%), followed by BPI (35.67%) and a direct stake by Caixa Geral de Depósitos (10.51%).
In early May in Maputo, the CEO of Caixa Geral de Depósitos, Paulo Macedo, reaffirmed to President Daniel Chapo the group’s interest in maintaining its presence in Mozambique through BCI.
According to Macedo, continued participation will depend on agreements with national authorities and the maintenance of conditions that allow the group to remain in the Mozambican market.
