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BoM: BCI and Millennium Bim Among the Institutions of Systemic Importance in Mozambique

BoM: BCI and Millennium Bim Among the Institutions of Systemic Importance in Mozambique

Mozambique’s Banco Comercial e de Investimentos (BCI) and Millennium bim, both owned by Portuguese banks, remain among the three domestic institutions of systemic importance in the country, on the same list that includes Standard Bank Mozambique.

The document drawn up by the Bank of Mozambique (BdM) and published on Tuesday, April 9, by Lusa, indicates that BCI remains in first place, with 220 points, followed by Millennium bim with 187 points and Standard Bank Moçambique with 182 points.

“The table classifying domestic institutions according to their systemic importance, which must be published annually by April 30 by the central bank of Mozambique, has once again this year placed the same three banks in the top echelon,” he said.

In 2023, BCI had a share capital of 10 billion meticais, in a shareholder structure led (51%) by Caixa Participações, of the Caixa Geral de Depósitos (CGD) group, with the Portuguese bank BPI (35.67%) and directly by CGD (10.51%).

Millennium bim had a share capital of 4.5 billion meticais, the majority held by BCP África (Millennium BCP group), with a 66.69% stake, followed by the Mozambican state with 17.12%, the National Social Security Institute of Mozambique with 4.95% and Empresa Moçambicana de Seguros with 4.15%, among other shareholders.

In the same list, the BdM emphasizes that there are also two institutions designated as “almost systemic” in the country with a score ranging from 65 to 130 points. These are Absa Bank with 99 points and Moza Banco with 86 points.

Below 65 points are the banks considered to be “not systemically important”, with around 28 financial institutions classified.


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