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BIM, BCI and Standard Remain as Banks of “Systemic Importance” in Mozambique

BIM, BCI and Standard Remain as Banks of “Systemic Importance” in Mozambique

The Banco Internacional de Moçambique (Millennium BIM), Banco Comercial e de Investimentos (BCI) and Standard Bank remain as the three credit institutions of “systemic importance,” announced the Bank of Mozambique. They are, moreover, the same as in the previous year, with BCI and Millennium bim swapping positions.

In the ratio consulted today, April 21, and which measures the importance to the sector, labeled with the English acronym D-SIB, Millennium bim tops the list with 251 points, followed by BCI with 228 and Standard Bank with 139.

Bank Absa Mozambique maintains its position of near-systemic importance, with 80 points.

The list includes 19 other domestic credit institutions that the Bank of Mozambique considers to be of no systemic importance.

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


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