Moza Banco strengthens financial robustness and improves operational indicators in 2025

Moza Banco shareholders have just appointed Mr Henrique Constantino Pedro Cossa as the new Chairperson of the Board of Directors (PCA), by resolution of the Ordinary General Meeting.
Henrique Cossa takes over the leadership of the Board of Directors, replacing Manuel Soares, who had held the dual roles of Chairperson of the Board and Chairperson of the Executive Committee since 2025, and who will now return to the exclusive role of Chairperson of the Executive Committee (PCE).
Henrique Cossa is a senior executive with extensive experience in the public and private sectors, with a professional career spanning more than three decades in strategic areas related to engineering, public policy, natural resources and institutional governance.
Throughout his career, he has held positions of high responsibility within the Government of Mozambique, notably as Deputy Minister of Public Works and Housing, Permanent Secretary at the same ministry, and Adviser to the Minister of Mineral Resources and Energy, where he contributed to the formulation of strategic policies and the development of structural initiatives in the extractive sector.
In the business sector, he has also held governance roles in leading institutions, including at Ecobank Mozambique, where he served as Chairperson of the General Assembly, and with ENH/KOGAS, further strengthening his experience in institutional management and strategic oversight.
He holds a degree in Mining Engineering from Bergakademie Freiberg in Germany and a Master’s degree in Poverty Reduction and Development Management from the University of Birmingham in the United Kingdom.
The appointment of Henrique Cossa reflects the commitment of Moza Banco’s shareholders to strengthening governance, institutional robustness and the continuity of the institution’s sustainable growth strategy.
The Board of Directors of Moza Banco would like to express their gratitude to Manuel Soares for his contribution during the period in which he held the dual roles of Chairperson of the Board and Chief Executive Officer, ensuring leadership stability and continuity at a strategic moment for the Bank.
With this new configuration of its governing bodies, Moza Banco strengthens its vision for the future, maintaining its focus on operational excellence, innovation and boosting its position within the Mozambican financial system, whilst continuing to support the country’s economic development and the creation of value for its customers, partners and society at large.
Moza Banco. Making it happen.

Moza Banco closed the 2025 financial year with an improvement in key operational and risk indicators, strengthening the robustness of its balance sheet in a challenging economic environment marked by a contraction in domestic economic activity.
In this context, the Bank adopted a prudent and disciplined approach, focused on the structural strengthening of its financial position and the improvement of the quality of its assets.
Operating performance remained positive throughout the financial year. Gross Operating Profit grew by 47.6%, reaching MZN 1.739 billion, compared to MZN 1.178 billion recorded in the previous year, demonstrating the Bank’s ability to consistently generate operating value.
The customer base continued to grow, with the addition of over 43,000 new customers, bringing the total to 305,571 customers, representing an increase of 16.5% compared with the same period last year. At the same time, customer deposits grew by MZN 3.5866 billion (+7.1%), reaching MZN 53.782 billion, demonstrating customers’ continued confidence in the institution.
In terms of digital transformation, the Bank recorded a 15.6% increase in the number of active users and a 26.3% rise in transaction volume, as a result of investments made in technological modernisation, including the launch of the new Internet and Mobile Banking platform, which enhanced the customer experience and contributed to operational efficiency gains.
Digital transformation remains a strategic pillar, supporting the continuous improvement of services, strengthening customer relationships and modernising its business model.
In terms of risk management, Moza Banco significantly strengthened its provisioning and intensified credit portfolio management, focusing on enhancing coverage levels as well as reducing higher-risk exposures, as part of a deliberate strategy to optimise the balance sheet, in line with best prudential practices.
In 2025, pursuant to Notice No. 16/BdM/2013 from the Central Bank of Mozambique, Moza Banco aligned its credit asset regularisation policy, adopting more prudent and timely criteria based on the effective recoverability of exposures. This update focused primarily on historical transactions that had already been fully provisioned, with no material impact on the Bank’s operational activity, liquidity, own funds or prudential ratios.
As a result of this action, the non-performing loan ratio (EBA NPL) fell from 12.50% in 2024 to 3.94% at the end of 2025, reflecting a significant improvement in the quality of the Bank’s assets and its risk profile.
The loan portfolio decreased by 29.4%, as part of a deliberate effort to optimise the portfolio and adopt a more selective approach to lending. Nevertheless, the Bank maintained its commitment to financing the economy, granting new loans totalling MZN 1.9206 billion, whilst continuing to actively support businesses and individuals.
Prudential ratios remained solid, with the capital adequacy ratio standing at 14.46% and the liquidity ratio at 47.29%, both above regulatory levels, confirming the Bank’s financial strength and its ability to absorb extraordinary shocks.
The net loss for the year, amounting to MZN 3.9195 billion, reflects primarily extraordinary and non-recurring measures to strengthen risk coverage and optimise the balance sheet, aimed at positioning the Bank more solidly for the coming growth cycles.
It is important to note that the Bank’s operational activity remained positive throughout the financial year, with the Bank choosing to use this capacity to strengthen its financial position and prudently accommodate impacts associated with exposures from previous periods.
According to Manuel Soares, Chairman of the Board of Directors of Moza Banco:
“2025 was a year of responsible and structural decisions. We have significantly strengthened the quality of our assets and the robustness of our balance sheet, enabling us to enter a new cycle with a stronger, more resilient Bank that is better prepared to grow sustainably.”
Moza Banco thus reaffirms its commitment to a model of responsible growth, based on prudence, discipline and the creation of sustainable value for its customers and shareholders, actively contributing to the development of the national economy.

Moza Banco and the Ministry of Planning and Development signed, this Monday in Maputo, a protocol enabling the introduction of the FARE Line – a financing package created under the Economic Recovery Support Fund, aimed at funding entrepreneurial initiatives in rural areas.

The initiative, fully embraced by Moza, forms part of the government’s efforts to stimulate the economy, with particular emphasis on creating and promoting opportunities in rural areas, especially in regions with high productive potential but limited access to financing facilities.

The ceremony, which was attended by representatives of the International Fund for Agricultural Development (IFAD), was led by the Minister of Planning and Development, Salim Valá, who emphasised on the occasion that, although the financing benefits from subsidised interest rates, it is important that beneficiaries honour their commitments.

“Anyone seeking financing, however subsidised it may be, must be aware that it has to be repaid. Only then will the entrepreneur feel committed to ensuring that their business idea succeeds,” Valá stressed.

Meanwhile, the Chief Executive Officer of Moza Banco, Manuel Soares, reaffirmed the commitment to manage the funds of the FARE Line with transparency and responsibility.

 “Moza Banco proudly assumes responsibility for managing this financing line, acting as the intermediary between the resources made available and the final beneficiaries, and ensures that every metical invested is aligned with rigorous technical criteria and the highest standards of integrity and transparency. Through careful assessment, continuous monitoring, and close support to beneficiaries, we aim to ensure that the supported projects generate tangible and sustainable results,” stated Manuel Soares.

In light of this agreement, Moza Banco renews its commitment to continue Making It Happen, transforming resources into opportunities and results that contribute to the development of Mozambique.

The Mozambique Stock Exchange (BVM) recently recognised the leading partners in the capital markets, in a ceremony that highlighted the performance of institutions and intermediaries contributing to the growth and maturity of this segment. According to the Chairman of the Board of Directors of BVM, Pedro Cossa, the development of the capital market depends on cooperation among stakeholders and on building bridges between national and international markets, emphasising that “the capital market does not thrive in isolated islands”.

Following the resumption of these awards after a four-year hiatus, Moza Banco stood out as the most awarded institution at the ceremony, having been recognised in two major categories:

• Largest Securities Issuance on the Stock Exchange Market 2025
• Leading Sponsor of Listings on the Stock Exchange Market 2025

According to the Chief Executive Officer (CEO) of the financial institution, Manuel Soares, these distinctions reflect Moza Banco’s ability to support companies in diversifying their sources of funding and in identifying investment opportunities, reinforcing its strategic role in the national capital market.

“Being the most awarded institution in this edition confirms that we are making a concrete contribution to the consolidation and maturity of the capital market in Mozambique,” said the CEO of Moza Banco. “More than awards, these recognitions are a sign of trust that we place at the service of our clients and the country’s economic development.”

With these achievements, Moza Banco reaffirms its commitment to supporting companies and investors, promoting transparency, innovation and sustainable growth in the Mozambican financial market.

A delegation from Moza Banco, led by Executive Committee Member Jaime Joaquim, visited the Office of the First Lady, Gueta Chapo, in Maputo this Monday, with the aim of expressing support for the initiatives carried out by the Office in favour of victims of the floods and inundations that recently affected the southern region of the country, leaving hardship and struggle among hundreds of families.

During the meeting, the Moza team expressed interest in collaborating with the Office of the First Lady at various levels, beginning with support for the numerous social initiatives undertaken by the Office across the country.

There was also an opportunity to present a symbolic cheque to support the Office with expenses related to the purchase of essential goods and supplies to assist families who are still accommodated in several reception centres, following the total or partial destruction of their homes as a result of the heavy rains.

Gueta Chapo expressed openness during the meeting to collaborate with the Bank, welcoming the visit and the expressed willingness to support Mozambicans.

For his part, the Executive Committee Member described the partnership as strategic and aligned with the social responsibility initiatives that Moza Banco has been implementing across the country.

“It is a great honour for us to contribute, symbolically, to the success of the First Lady’s initiatives. We can all clearly see the impact and the positive change that these initiatives generate within communities,” he emphasised.

As part of its support for victims of floods and inundations, Moza Banco has been carrying out several initiatives with considerable impact on families, particularly in the most affected areas of the southern region of the country, with special focus on the districts of Mapai, Chicualacuala, Chigubo and Guijá in Gaza Province, and Boane in Maputo Province.

Aware that continued assistance remains necessary, Moza Banco continues to Make It Happen by mobilising donations and partnerships in order to strengthen the solidarity actions carried out under the Solidarity Movement launched at the end of January, following the outbreak of the severe weather conditions.

Moza Banco’s agribusiness specialist, Danilo Abdula, participated this Monday in Maputo in the launch ceremony of AgriConnect, a World Bank initiative to be implemented in Mozambique in partnership with the Ministry of Agriculture, Environment and Fisheries, aimed at transforming small-scale agriculture and promoting job creation in rural areas.

Invited to join a panel discussion on “Priority actions for the development of agribusiness, job creation, and the improvement of food and nutrition security in Mozambique,” Danilo Abdula addressed the challenges associated with financing smallholder farmers. He emphasised the importance of producers joining cooperatives, which would enable them to become better organised and therefore better positioned to access financing from the banking sector.

“Moza Banco has a strong interest in supporting the development of agribusiness. However, any financing granted must ensure a sustainable return. It is therefore essential that producers understand the importance of being organised so they can benefit from financing opportunities. It is easier to finance a group than dispersed smallholders, as a group is more organised and better able to share both the risks and the benefits associated with such financing,” said Danilo Abdula.

The Moza Banco specialist also encouraged authorities to stimulate and strengthen the agricultural value chain, ensuring that producers do not face difficulties in bringing their products to market.

Despite the various challenges that continue to affect the national agricultural sector—particularly climate-related factors—Moza Banco remains committed to financing agribusiness in Mozambique. The Bank currently offers dedicated financing lines for the sector, notably the BEI Line, established in partnership with the European Investment Bank, and the Food Security Fund (FSA) Line, both offering preferential interest rates.

Moza Banco believes that investment in agribusiness is essential for Mozambicans to collectively advance the country’s development.

A group of volunteers from Moza Banco and partner organisations, led by the Chief Executive Officer (CEO), Manuel Soares, visited Escola Básica 19 de Outubro — the last active Reception Centre in the district of Boane — to comfort more than one thousand victims of the recent floods that struck the southern region of the country. Composed mainly of women and children, the Reception Centre shelters families who, despite having lost almost everything, remain full of hope for a better and more stable future.

During the visit, the team delivered various donations, including non-perishable food items, clothing, and hygiene and cleaning products, in an effort to ease the needs of these families, who continue to depend on all possible assistance.

Moved by the reality on the ground, Moza’s CEO reaffirmed the Bank’s commitment to continuing the Solidarity Movement and further strengthening support for flood victims.

“When we look at these families, we realise that solidarity cannot be limited to a single action. Moza is here because it believes that being supportive means walking alongside those who need it most, until hope once again outweighs pain. We are aware of other areas in Maputo Province that still require assistance, particularly Manhiça, Moamba and Magude, and therefore we want the next phase of our Solidarity Movement to also include these regions. We will continue to Make It Happen,” added the CEO.

Representing the supported families, the Director of the Reception Centre, Maria Alcinda Mandlate, highlighted above all the message of hope conveyed to flood victims through the donations associated with the Solidarity Movements, calling for their continuation.

“These families arrived here with virtually nothing. We have mothers and pregnant women who need the help of each and every one of you. Every contribution we receive restores a little dignity and hope. Knowing that we are not alone gives us the strength to continue caring for these people as they deserve,” affirmed the Director.

This initiative forms part of the actions that have been carried out since the onset of the floods, with the Bank having already channelled support to Gaza Province in coordination with local authorities and the National Institute for Disaster Management (INGD).

In Gaza, in addition to supporting the central government, Moza directly assisted the districts of Guijá, Mapai, Chigubo and Chicualacuala — areas that were devastated by the force of the floods, resulting in loss of life and significant material damage.

More than simply delivering donations, Moza seeks through these actions to provide comfort to the victims, encouraging them to fight for the reconstruction of their lives.

With a view to supporting communities affected by the floods that have struck several regions of the country, with particular impact on Gaza Province—where thousands of families are facing significant losses and conditions of extreme vulnerability—Moza Bank has launched a Solidarity Movement and has expressed its openness to receiving all possible assistance.

As a bank that is part of the community, Moza shares in the pain experienced by all affected Mozambicans and is therefore mobilising both internal and external efforts to collect and donate funds, non-perishable food, hygiene products and all goods considered essential in this moment of humanitarian emergency.

While collecting goods from its employees and partners across the country, the Bank, in partnership with local and central authorities, has identified four districts in critical condition in Gaza Province—namely Chicualacuala, Chigubo, Guijá and Mapai—which are expected to benefit from the efforts of this resource-mobilisation campaign later this week.

“All our employees are involved in this campaign, and the Bank itself has mobilised funds to acquire various goods and ensure that it also responds to this national call. We will not abandon the Mozambican people at such a sensitive time,” stated the Chief Executive Officer (CEO) of Moza Bank, Manuel Soares.

Although Gaza is currently the main priority, Moza is not indifferent to the disastrous situation faced by some communities in Maputo Province. Thus, in collaboration with other partners, the Bank is mobilising to gather as many goods and financial resources as possible to ensure that flood victims in Maputo also receive support.

“We want to support, above all, the families who are in the various accommodation centres and who are currently lacking almost everything. We are deeply aware of the situation on the ground, particularly in Boane District, where the overflow of some rivers and water channels has caused flooding that has brought great suffering to families,” added the CEO.

Through this initiative, Moza Bank puts into practice one of its core values—Resilience alongside the people—reaffirming its commitment to communities and to active solidarity as a fundamental principle for expressing empathy and contributing to the gradual restoration of dignity, security and hope for populations affected by the floods.