The stock of credit to the economy in Mozambique fell in October to 287.1 billion meticals, the fifth consecutive monthly drop after the peak in May.
The data is contained in the monthly Statistical Information report released by the Bank of Mozambique (BdM), to which DE had access this Wednesday, 20 December, and according to which, in May, credit to the economy granted by banks had risen to a peak of 298.1 billion meticals, and has been falling ever since.
Compared to the same period last year, the stock of credit to the economy, according to the report, grew slightly by 0.1 per cent.
In turn, the volume of credit to private companies fell by 9.8 per cent in the period in question, standing at 126.5 billion meticals, while credit to families grew by almost 13 per cent to 130 billion meticals.
Also according to the information produced by the central bank, 15 commercial banks and 12 microbanks operate in Mozambique, as well as credit cooperatives and savings and credit organisations.
