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.
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.