João Figueiredo is the Chairman / CEO appointed by shareholders

The shareholders of Moza Banco, meeting at the Extraordinary General Meeting held last Friday, July 28^th, approved new corporate bodies, having as Chairman of the Executive Board / CEO João Figueiredo, as well as a new strategic action plan in the market.

The General Assembly agenda also included the report on the capital increase process which was approved at the last General Assembly meeting; the ratification of the contracting of the external audit firm for the 2016 financial year; deliberation over the hiring of the external audit firm for the 2017 financial year; evaluation and deliberation regarding the Report and Accounts from the last financial year; among other items.

The event marks the end of the Mozambique Central Bank’s intervention in the financial institution, which was carried out at the end of September last year, ending a period of about eight months of uncertainty about the institution's future.

In a message to employees, Moza's Executive Chairman has announced the start of a new cycle, in which the bank is better prepared to face the challenges of the future. "Today, with the end of the Mozambique Central Bank’s intervention, we can firmly announce the end of a cycle for our Bank, closing the chapter on the reorganization and rebalancing of the financial and equity structure. So it is very clear that we can now say that we have finished this phase with full success. Moza Banco is today a capitalized, structurally sound institution, compliant with prudential regulatory ratios, and safe for its depositors. "

According to Moza's Chairman / CEO, the institution will maintain its essence as a universal bank, focused on offering a differentiated service and exceptional quality, through the provision of products and services tailored to the specific needs of each client, with a particular focus on micro, small and medium-sized enterprises, as well as individual clients.

With the approval of the strategic plan, Moza's shareholders, Kuhanha (80%), Mozambique Capitais (10%) and Novo Banco (10%) respectively, have given a clear sign of confidence in the management team led by Figueiredo, as well as renewing their commitment to equip Moza with the capacity required for the institution to play a greater role in the landscape of the national financial system.

It should be noted that with the capital injection by the new shareholder - Kuhanha, Moza has become the best-capitalized financial institution on the market with a share capital of 10,299,200,000 meticais (ten billion two hundred and ninety-nine million and two hundred thousand Meticais),which is about six times higher than the new minimum imposed by the Central Bank on Commercial Banks, set at 1,200,000,000 (one billion and two hundred million Meticais).