News

The Board of Directors of Moza Banco announces that taking into consideration the institution’s development, the bank is today in a position to embrace a new phase in terms of its strategy and market positioning, a phase that must be harmonised with the adoption of a new corporate governance model in line with the sector's best international practices.

In this context, the bank will proceed with the separation of duties of the Chairman and Chief Executive Officer, having hired the bank executive Manuel Soares, who will act as the CEO of Moza Banco from July onwards.

The Board of Directors would like to thank Mr. João Figueiredo for his dedication, total commitment and competence in his role as CEO of the Bank, which allowed Moza Banco’s fortunes to be transformed onto the right track. The Board of Directors also welcomes the new CEO Mr. Manuel Soares who we are sure will continue the good work done previously.

Moza Banco will continue with its strategy of being a universal bank, with a strong commercial orientation and an extensive national coverage, aspiring to greatly contribute with its activity to greater financial inclusion, an excellent service to its customers and a more robust national economy.

Board of Directors at Moza Banco

Moza Banco signed a memorandum of understanding this Monday 31^st May, with Grupo Desportivo Maputo, aimed at supporting the rehabilitation and modernisation of the Club's infrastructures, and special attention will be given to the senior men and women's basketball teams.

Through this agreement, the bank becomes a strategic partner of Grupo Desportivo de Maputo, committing itself to supporting the Senior Men's and Women's Basketball teams and in particular the training of young athletes in the same sport.

“Grupo Desportivo de Maputo is a historic club in Mozambique and one that has always had great importance in terms of training young talent, especially in basketball. With this memorandum, we intend, once again, to solidify our commitment to sports in Mozambique, boosting training”, said Manuel Vasconcelos Guimarães, a member of the Moza Banco’s Executive Committee.

The President of Grupo Desportivo de Maputo expressed his gratitude for signing the memorandum of understanding with Moza Banco, and said it was an important milestone in leveraging the club's men's and women's basketball teams. “We’d like to thank Moza Banco for their trust and I can assure you that this partnership will be very important for the development and modernisation of our basketball”, Paulo Ratilal said, moments after signing the memorandum.

Moza Banco continues to invest in areas of the future, such as culture, the social and sports areas, always valuing activities that promote well-being and educate the individual, training them in values such as the spirit of teamwork.

Moza, the bank that gives value to sport!

The bank will support the participation of Jacira Ferreira, national Judo champion, in the African Judo Championship.

As part of its contribution to the growth of sport and an appreciation for Mozambican athletes, Moza Banco recently supported the participation of the national judo team athlete, Jacira Ferreira, in several competitions scheduled for this year, especially the African Judo Championship, to be held between the 20^th and 23^rd of this month in Dakar, Senegal. The event serves to qualify for the World Championships, scheduled for June.

Jacira Ferreira has been national champion for the last 6 years and is currently the number 1 female judo athlete in Mozambique, in the “52Kg” category, and the second best in the ranking for qualification for the 2020 Olympic Games.

This athlete, in 2015 at just 17 years of age, was the first female judoka to participate at the Congo Brazaville Games. Later, at the age of 19, Jacira Ferreira also took part at the World Senior Championships in Budapest, Hungary.

The athlete was also the first woman judoka to participate at the World Judo Championships in 2017, at three World Championships and she has also been present twice at the African Games.

In her curriculum, she also has a bronze medal at the African Judo Open in Yaoundé, in Cameroon, a silver medal at the AUSC Games (Region 5), 2 bronze medals at the SAJC (Zone 6 Judo Championship) and also 2 gold medals and 4 silver medals at the Judo South Africa Open (SA Open).

This initiative of Moza Banco comes within the ambit of support for the internationalisation of national sport, as a vehicle for projecting the country globally.

At the end of 2019, Moza Banco signed a partnership agreement with the Mozambican Basketball Federation for the participation of the national senior women's basketball team in the pre-Olympic qualifying tournament for the Tokyo 2020 Olympic Games.

In the 2020 financial year, Moza Banco attained a positive net income of 146 million Meticais compared to a loss of 776 million Meticais in 2019, consolidating its position as a major bank in the Mozambican financial system and underlining the trust of its customers and other stakeholders. 

These results were presented by the Board of Directors on 20th April at the Bank's ordinary general meeting where the shareholders approved the Management Report and Financial Statements for 2020. 

Despite the adverse context, the Bank maintained its record of recovery and growth, as a result of the trust that customers and the market have reaffirmed in its business and performance. This partnership, which has been consolidated with the Bank's other stakeholders, has been evident in the growth rates the Bank presented for its business during the year under review – a 14% growth in assets, a 20% growth in deposits and a slight growth in the loan portfolio of 1%.   

This strategic trajectory, which has been developed over the last three and a half years   following profound operational restructuring, financial reorganisation and reconfiguration of its capital structure – as a result of intervention from the Central Bank - is now even better illustrated as it reaches break-even point.  

2020 was also marked by a significant standing in terms of market share - 6.1% of assets, 6.1% of deposits and 10.3% credit - thus consolidating Moza Banco as a major bank in the Mozambican financial system. 

Regarding the 2020 financial year, Moza Banco's CEO, João Figueiredo, says: "we have demonstrated a strong capacity to overcome difficulties, expand revenue generation, while maintaining a solid balance sheet and a comfortable liquidity position.” 

As a consequence of increased financial involvement with its customers and strict prudential management practices, at the end of last year the Bank had a liquidity ratio of 42.5%, above the regulatory established indicator of 25.5%. The Bank also ended 2020 with a solvency ratio of 14.83%, exceeding the minimum of 12% defined by the Central Bank of Mozambique.

The Bank continued to expand its customer base, having attracted 25 thousand new customers in 2020 and recorded significant growth in transactions in digital channels, having grown its USSD channel by 21%, compared to 2019, in a year defined by the need of its customers to interact beyond the physical space of its branches.

Due to this level of performance, Moza Banco presented a significant improvement in 2020 in its profitability and efficiency ratios, compared to the same period of 2019. Return on equity (ROE) and return on assets (ROA) stood at 1.87% (2019: -9.07%) and 0.31% (2019: -1.85%), respectively.

Moza Banco's CEO, João Figueiredo, also highlighted the expansion of the branch network, with 11 new branches opened in previously unbanked districts, "we currently have a network of 70 bank branches and we have accelerated our remote banking programme, through a set of initiatives, in particular the interoperability of mobile wallets, the virtual POS system and the launch of a new technological platform in 2021.”

In a year marked, in economic terms, by the impact of the Covid-19 pandemic, Moza Banco has proved its resilience with these results and starts 2021 with a more robust and reassuring balance sheet. This comes within a context in which the Mozambican economy is expected to overcome the difficulties of the pandemic’s negative effect and progressively build conditions for the resumption of economic activity that remains so highly anticipated by all its customers.

Theme: Gender-based violence in times of Covid-19.

Moza Banco, launched this Monday, 5^th of April, theMoza Banco Journalism Prize – 1st Edition, under the theme: “Gender based violence in times of Covid-19”.  This competition aims to encourage media professionals to investigate, produce and publish articles about gender violence, and to reward excellence in journalistic activity in the social area. The distinction of the best works published in the national media covers three categories, namely, Written Press, Radio and Television.

Candidates may apply for this award for original works by professional journalists, or a group of journalists, duly signed and having been published/issued in Portuguese at a registered Mozambican media body between 1 June 2020 and 31 October 2021 and that portray domestic violence in its various aspects.

 The Chairman of the Board of Directors at Moza Banco said that, “with this initiative, we hope to contribute to greater dissemination and awareness on the issue of gender violence, as well as the promotion of a society of pluralism, tolerance and a culture of peace, in a harmonious equality of rights between men and women”.

 The Inspector General from the Ministry of Gender, Children and Social Action, Carlota Mahai, representing the Minister Nyeleti Mondlane, started by thanking Moza Banco for the invitation, before going on to state that, "this journalism competition, launched today, demonstrates that the private sector has a social responsibility to contribute to building a society that respects human rights and is free from gender-based violence, recognizing the fundamental role that the media plays in this process. We also hope, that with this competition, articles will be produced that will improve the perception about the contours of gender-based violence especially in this period when we are facing the COVID-19 pandemic”.

The event also served to honour the journalist Francisco Júnior for his contribution, delivery and commitment in producing articles on human rights and gender. Besides the homage, there was also a monetary award to encourage his important journalistic work.

Moza Banco has implemented actions to value women, having associated itself to entities such as MUVA, with the objective of promoting the economic empowerment of women through a platform that brings together female entrepreneurs from different branches of activity, for the sharing of experiences, networking and dissemination of business opportunities. Very recently, it joined the Freestyle Talkz project in a special programme dedicated to women. 

For more information:

Communication and Social Responsibility Department

Moza Banco