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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 

As part of the celebration of Women's Month, Moza Banco joined the Freestyle Talkz project in a special programming dedicated to women.

This initiative is aimed at connecting people, sharing stories and experiences of Female Entrepreneurs through live broadcasts on social networks from 8^th March to 7^th April.

The topics were varied, always female and with guest speakers from the four corners of the world.  The lives included the participation of distinguished guests such as Mody Maleane, Nagáina Sara, Ancha Salvador, Karina Jamal, Nereyda Ah-Hoy, and Andra Massamba among others.

To attend and participate, simply access the social networks of Moza Banco and you will find all the necessary information.

This project is part of Moza's commitment in the promotion of gender equity and women empowerment. It is worth noting that the bank decided to join the MUVA platform in 2020 to run a campaign against gender-based violence in times of confinement, resulting from the new Coronavirus.

Called "Gender in times of Covid-19", the campaign aimed to appeal to families that staying at home should lead to greater unity and not to domestic violence, be it verbal or physical.

Moza, the bank that gives women their full value!

Moza Banco donates a CO2 machine to Maputo Central Hospital in an initiative aimed at alleviating the suffering of hundreds of children suffering from laryngeal papillomatosis disease across the country.

Laryngeal papillomatosis is an uncommon disease in Mozambique, despite the fact that it affects hundreds of children.  The cure for this disease depends on a process called tracheostomy. The main objective of this process is to serve as a safe alternative respiratory cycle through a mechanical means for those suffering from the disease. The only contraindication for the procedure is the homeostatic alteration.

Laryngeal papillomatosis affects the health of children in many ways, including loss of voice pitch, tracheal tube obstruction, coughing and secretions among others. All these symptoms limit these children from living their normal life and enjoying normal activities such as running, playing, bathing, going to school and other activities that are essential at this stage of growth.

Moza Banco, aware of this situation, as part of its Social Responsibility, decided to donate the CO2 machine to the ENT Department of Maputo Central Hospital to enable the treatment of this disease.

“We decided to respond to this request to support the fight against this terrible disease and save the lives of many children in our country", explained the Chairman of the Board of Directors of Moza Banco, Dr João Figueiredo.

It should be noted that recently Moza Banco has also supported the Mavalane General Hospital and the Heart Institute with the objective of supporting the care and treatment of patients with Covid-19.

MOZA BANCO, on 1 March last, issued a bond loan, by private subscription, in the amount of USD 7,500,000 (seven million, five hundred thousand US dollars), with a variable coupon indexed to the 6-month LIBOR USD plus a spread of 5.5%, maturing in 2025 and fully subscribed by ARISE BV.

MOZA BANCO's CEO, Dr. João Figueiredo stated that this operation represents an important milestone for the bank, "With this issue, Moza Banco becomes the first Bank in the domestic financial market to issue bonds in foreign currency, under the regulatory context that guides the issuance of securities in the country."

In turn, for ARISE, according to its CEO, Dr. Deepak Malik, this investment further solidifies its commitment and continued support to MOZA BANCO in its process of sustainable growth and profitability.  "The bonds issued by the bank will contribute to increased capacity in supporting the activities of Mozambican businesses, which is directly aligned with ARISE's objective of partnering with local financial service providers to promote financial inclusion in Africa."

 MOZA BANCO continues to drive its business based on the promotion and provision of an integrated and segmented value offer of financial products and services, with the main objective of promoting close relationships tailored to the needs of its customers.

This issue, organised and mounted by MOZA BANCO's Investment Banking Division, is based on the Bank's strategic plan, and on the restructuring and stabilisation of the balance sheet, providing it with robust medium and long-term liabilities.