The Bank consolidates the main indicators and maintains its growth trend in 2022, with a 27% growth in the number of customers, reaching a total of 215,864.
The efficient performance of the institution led to the generation of positive pre-tax results, reaching MZN 326 million, compared to the negative MZN 1.3 billion recorded in the previous year. Moza recorded a positive net profit of MZN 90 million.
For Moza Banco, 2022 was in fact a year of consolidation of the main indicators and maintenance of the growth trends in line with previous years, a fact supported, according to the bank, “by the confidence shown by the customers and the market”.
Moza said that despite the markedly adverse context, the bank showed a significant improvement in profitability and efficiency indices in 2022 compared to the same period in 2021. Return on equity (ROE) and return on assets (ROA) reached positive 1.26% and 0.05%, respectively, compared to negative 9.83% and 0.4% in 2021.
As regards prudential ratios, the solvency ratio remained stable at 22.58% at the end of 2022, compared to 23.21% in 2021. The liquidity ratio reached 47.41% in 2022, an improvement of 2.91pp compared to, 2021, remaining above the regulatory requirements set by the regulator.
In 2022, the bank recorded a balanced growth in deposit taking, with an increase of 8% (MZN 2.6 billion) compared to the previous financial year, which translates into the continued bet and confidence of Customers in Moza and the Bank’s Relational approach. Total assets also evolved in this direction, showing an increase of 6% (MZN 2.6 billion).
“The confidence shown by Customers and the market in relation to the Bank’s performance attests to this trajectory. It is important to highlight that, in this last financial year alone, a significant growth of 27% was recorded in the number of Customers, reaching a total of 215,864 customers”
The institution’s operating efficiency remained positive, reflected in a cost-to-income ratio that stood at 74.30%, which reflects the positive effect of the ongoing strategy of optimisation and rationalisation of operating costs and investments.
The Chairman of the Board of Directors (PCA) of Moza Banco, Dr. João Figueiredo, highlighted that “in a challenging macroeconomic context and with rising interest rates, the Bank contributed to the growth of the economy by providing financing, ensuring due prudence in line with the Bank’s strategy, given the context of increasing overdue credit in the system. We will continue to invest in strengthening policies and instruments to ensure effective and efficient management, ensuring good risk management and compliance practices”.
The year 2022 was also marked by the approval and start of implementation of the Strategic Plan 2022-2026, a guiding instrument that sets out the Bank’s guidelines for action in the period in question and includes guidelines to support the activity, focusing on customer relations and sustainability of the Bank.