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First Capital Bank: Economic Forum Discusses Impact of Mandatory Reserves and Opportunities

First Capital Bank: Economic Forum Discusses Impact of Mandatory Reserves and Opportunities

First Capital Bank organised an economic forum in Maputo on Thursday 23 May, focusing on the ‘Impact of Compulsory Reserves and Opportunities’ and the ‘Foreign Exchange Market and Economic Outlook’. The event aimed to provide an insight into crucial economic issues for the financial and business sectors in Mozambique.

According to a statement from the financial institution, during the forum participants were able to discuss and analyse key issues related to the foreign exchange market and the impact of the mandatory reserves established by the Bank of Mozambique. The presentations offered both technical and practical approaches, highlighting strategies for dealing with the dynamics of the current financial market.

Ivan Thompson, CCO of First Capital Bank and moderator of the event, emphasised the importance of the initiative: ‘We are pleased that our institution has held this first economic forum. We believe that the discussions held were fundamental to strengthening the relationship with our clients and providing them with essential information to support their business decisions.’

The forum was attended by internal and external experts. Among the speakers were Roberto Tibana, an economist and financial market analyst, and Glória Janeiro, a representative of the Mozambique Stock Exchange. Representing First Capital Bank were João Rodrigues, CEO, and Bruno Bastos, CFO, who also contributed their perspectives and analyses.

At the end of the event, João Rodrigues emphasised the importance of these forums for strengthening customer relations and expressed his intention to promote more information sessions in the future. ‘These meetings are essential for consolidating our partnership with clients and supporting economic and business development in Mozambique,’ said the CEO.

First Capital Bank’s economic forum has established itself as a vital platform for the exchange of ideas and strategies, reinforcing the bank’s commitment to the economic development of its clients and the country, the document states.

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