News

Dear Customer

Please be advised that as of August 26th, Beira Branch will be temporarily operating in the new facility located at the following address:

Rua Major Serpa Pinto, n.º 829 (Ex-Agência BTM)

In case of doubts please contact us through our Call Center (822020, 842020 e 21342020).

Moza

As part of the presidential initiative, “One District One Bank,” Moza Banco has just opened two new banking branches in the provinces of Tete (Tsangano District) and Nampula (Memba District).

Moza Banco has just taken an important step towards becoming the financial institution with the 3^rd largest branches’ network in the country with the opening of Tsangano and Memba branches under the presidential initiative "one district a bank" launched in 2016 which urges banks to at least have one branch in each district throughout the country.

With the start-up of these aforementioned Business Units local and surrounding communities now have a “door-to-door” bank where they can conveniently and securely save their money, carry out banking operations and find the right financial solutions for their specific needs.

By embracing this initiative, Moza is in line with its commitment of promoting greater financial inclusion to the services of the national economy promoting banking services to districts not yet covered yet by expanding its activity to districts that do not have coverage in terms of network of banking branches, as Moza believes that the financial and other related services in the districts will unleash the potential of these areas, fostering local and sustainable communities’ development.

Under the partnership with the Ministry of Land, Environment and Rural Development, Moza has already six (6) branches operating fully in the districts of Chicualacuala (in Gaza province); Gondola and Vanduzi (in Manica), Murrupula and Memba (in Nampula) and Tsangano (in Tete).

By 2020, Moza will expand its branches’ network to Liúpo (in Nampula), Chinde, Derre, Lugela and Mocubela (in Zambezia) districts; Meluco and Quissanga (in Cabo Delgado); Majune, Chimbonila, Ngauma and Sanga (in Niassa); Maringue (in Sofala); Machaze (in Manica); Chigubo, Guija and Mapai (in Gaza).

Moza currently has the third largest branches’ network in the country consisting of more than 57 business units spread throughout the provincial capitals and some districts and villages centres. In addition to these existing Moza’s branches’ network seven (7) more branches will be added as a result of the on-going integration and merger of BTM and Moza; thereby, increasing the condition of a truly universal bank in terms of branches’ network’s coverage with a strong national implementation.

Maputo, August 17^th, 2019

Moza Banco and the Faculty of Law of Eduardo Mondlane University (FDUEM) signed a Memorandum of Understanding (MoU) at the Moza Banco Auditorium. The MoU aims to jointly create value for both students and teachers of this faculty as well as improving the quality of education of this faculty which is the oldest higher education institution in Mozambique.

This MoU will increase awareness on legal issues, particularly as regards the widespread of legal awareness, joint research, cooperation in the areas of common interest and identification of students with the potential to develop career in banking.

One of the advantages of this partnership is the granting of scholarships to students based on their academic merit, thereby, reducing their academic burden and encouraging them to develop their full potential as well as support in the equipping of the school library. This initiative will also be a platform to encourage the publication of academic researches, issue of legal opinions and jointly offer training courses.

Recently, as part of Moza Banco corporate social responsibilities activities, Moza Banco focused on promoting the quality of education in Mozambique by establishing partnerships with educational institutions. It is important to note that education is one of the Bank's main areas of social responsibility.

Moza participated on July 19, in the 5^th Anniversary of ANJUR – the National Association of Mozambican Lawyers' Gala. The event took place at Montebelo Indy and was attended by magistrates and prominent individualities from the Mozambican legal context. One of the highest moments of this event was the award of the two best finalist students of the 2018 law course from A Politecnica University.

Moza was represented in this ceremony by its Chairman of the Board of Director who on the occasion delivered two cheques of MZN 25,000.00Mts each for the students Xlhonipo Marta Ndimande and Abdul Karimo Suryaem for their academic merit. This delivery is under the context of the Bank's social responsibility initiative. It should be noted that Education is one of the Bank's priority areas of social responsibility.

On the other hand, Moza contributed to the success of FEMOTUR – the Mozambican Federation of Tourism and Hotel Industry's Gala event that took place on July 11, 2019, at Joaquim Chissano Conference Center under the slogan “We are tourism”. The event was an opportunity for public acknowledgement to efforts placed and enthusiasm placed by the tourism and travels' operators over the last 15 years for the development of tourism activity in the country in different sides of tourism activities and regions.

Moza Banco scooped the prestigious  "Deal of the Year 2019 for Restructuring in Africa" Award. This award aims to recognise the best financial restructuring operation of the year across Africa and is organised by The Banker Magazine, a prestigious international financial publication which recognises industry leaders that have paved the way for banking excellence. It is an acknowledgment of the success of the structured capital increase operation that culminated in Arise acquiring a minority stake in Moza Banco and the subsequent merger with BTM to create a new entity that will be favourably positioned to serve Mozambicans and promote financial inclusion.

"In the initial award assessment phase our panel of judges, which was comprised of experts in economics, banking and finance analysed the complex and successful program of financial reorganization and restructuring implemented by Moza Banco, which, after intervention by the Central Bank, has seen a remarkable recovery, coming out of a situation of an imminent collapse, to re-establish itself as one of the five largest banks in the country, operating at a much more stable level, "said John Everington , Editor for Africa and Middle East of The Banker Magazine.

The award was bestowed on Moza Banco at the inauguration ceremony of their new head office in Maputo, last month. Speaking at the event Chairman of the Board of Directors of Moza Banco, João Figueiredo, stated that the award was as a result of the effort of all its bank employees. "This award represents the success of the ongoing business strategy supported by the relevant shareholders and aims to reinstate Moza Banco as a benchmark national bank with an ambition for growth that meets the challenges of the present and the future. We dedicate this award to our customers and society in general, who have placed their trust in our institution and who have contributed to the consolidation, growth and affirmation of the bank”, he said.

The President of the Republic, Filipe Nyusi, who was in attendance acknowledged Moza Banco’s  success through resilience and congratulated the bank's management and staff for their vision and work "The story shows that with determination, the bank was able to overcome past incidents and hurdles ... Today Moza Banco is here firm and in full growth. In this context, I would like to congratulate the Board of Moza Banco who realized that instead of folding your arms, you should roll up your sleeves and work to become a strong and leading bank in the national and international financial market. These results can only be achieved with a dynamic team, lots of work and a strategic business vision”, he concluded.