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Moza Banco Executive Committee Member and CFO, Devan Manmoandas, will participate on 24^th May at the World Financial Innovation Series, a meeting that brings together over 350 heads of technology and business areas from several banks, microfinance institutions and insurance companies.

The two-day conference (24^th-25^th May) will take place in Nairobi, Kenya, a choice justified by the fact that this is one of the African countries that has most embraced the digitalisation of banking processes, and which has over 94% of its population using mobile wallets to transact their money.

Based on his experience and expertise, Devan Manmoandas, will present and discuss the topic of "Everything is Data & Opportunities for African Banks", analysing the importance of data information for decision-making processes, risk mitigation and the improvement of products and services delivered to the customer.

Moza's CFO will also discuss the potential of emerging technologies, with a particular focus on Artificial Intelligence and the automated use of machines in the African banking sector.

Devan Manmoandas will also share his vision on the relevance of digital and innovative solutions in promoting financial inclusion, highlighting, in particular, the key role of Management and Boards of Directors in leading the processes.

“This is an excellent opportunity for us to contribute with our knowledge to the improvement of banking processes on the continent. It is also an opportunity to learn from other players and bring this know-how to Mozambique and particularly to make our Moza Banco more efficient in delivering products and services to its customers", Devan Manmoandas points out.

Likewise, abroad and this time invited by the Corinium Intelligence Group, Executive Committee Member, Devan Manmoandas, will join Director of Information Management, Camilo Amarcy, to discuss "Strategies for Implementation of a Data Team and Structuring a Career in the Data Industry", between 29^th and 31^st May, in Cape Town, South Africa.

At the event, known as DataCon, Moza's representatives will present to over 200 guests, on the topic of "Sensing, Responding and Acting: Prioritising Sustainable Data Strategies for a Changing World".

For Moza Banco, joining these two events reaffirms the bank’s commitment to innovation and digital transformation, always seeking to improve its practices, with the provision of quality products and services to its customers. Thereby, Moza is also complying with its macro-objective of contributing to the sustainable development of Africa, as a whole.

Moza Banco has been distinguished for the second consecutive year as one of the best organisations to work for in Mozambique. The award was given to the Bank by Tempus Global Group, in light of a survey that aimed to identify and recognize the organisations that offer a great working environment to their employees, and that are therefore positioned favourably to retain and attract the best professionals.

This time, the list of organisations involved in this, the largest benefits survey in Mozambique, increased by 40%, bringing the total number of organisations to 180.

Based on the results obtained, Tempus Global awarded the "Elite Employer" certification to organisations having evaluated four basic aspects of the survey, namely Compensation and Benefits; Work Environment; Career and Culture.

For the Executive Committee Member (MCE), Jaime Joaquim, this is yet another recognition attributed to the Bank, as a result of its commitment to ensuring the most favourable working conditions for its employees, constantly creating a familiar and welcoming environment at the workplace.

“For us, it is undoubtedly a moment of satisfaction, since even internationally recognised entities have rated us positively, with regard to the efforts we have been making to ensuring that our employees have good working conditions, in a favourable, welcoming and family-like environment. In fact, at Moza Banco, family is what we all are", the MCE highlighted.

With this award, Moza Banco has positioned itself among the market leaders, specifically in its sector, as one of the best employers in banking, in light of its policies of involving employees in internal strategies for growth, dynamism, innovation and transformation.

As "only people make a bank", Moza invests in human capital with empathy and proximity, ensuring that its employees and dependents know that they can always count on Moza.

As part of its actions to reaffirm itself in the market and as one of the main banks operating in Mozambique, Moza marked its fifteenth anniversary in June with an increase of more than one billion meticais in its share capital.

With this increase, the share capital of Moza now stands at MZN 7,020,750,000.00 (over 7 billion meticais), which has allowed the bank to reaffirm its strategic position in the market, paving the way to a promising future.

In the last few months, counting from July last year, Moza Banco has witnessed some changes and implemented important decisions to consolidate its presence in the financial sector and face the new challenges imposed by various conjunctural factors.

The Bank now has an even more slender and cohesive shareholder structure, consisting mostly of Mozambican investment, which makes Moza a bank that "Makes it Happen". In fact, for 15 years Moza has demonstrated proactivity, confidence, resilience and engagement in its relentless pursuit and delivery of innovative and necessary financial solutions for its customers. While imperative changes occur to update and streamline the Bank's organizational structure, Moza has kept an unwavering commitment to transformation and quality assurance in the delivery of its products and services.

With the renewed intention of permanently improving the user experience, Moza is working to expand its commercial activities, enhance its branch network, invest in digitalisation, and offer personalised solutions based on knowledge, strategic vision, financial solidity, and social responsibility. The main objective is to respond effectively and efficiently to the needs of its customers, shareholders, and other stakeholders.

According to Moza's Chairperson of the Board of Directors (PCA), João Figueiredo, "the positive and encouraging results of recent financial years, particularly that of 2022, are an unequivocal sign of the Bank's ability to evolve in a solid and sustainable manner.” The coming years will be complex and challenging, requiring exemplary team spirit and engagement from all employees.

"With the implementation of the Strategic Plan 2022-2026 and the transformation projects underway, the Bank believes it has the necessary ingredients to thrive and achieve the success it targets. By celebrating its 15th anniversary, Moza Banco expresses its gratitude to employees, customers, and shareholders, reaffirming its commitment to repay the trust deposited and contribute to the sustainable development of Mozambique," the PCA highlighted, during the Bank's 15th anniversary celebration ceremony held recently in Maputo.

The 15th anniversary of Moza was marked in a festive atmosphere, which saw largely the participation of customers and employees with 15 years of relationship with the Bank.

In 2022 Moza Banco consolidated its main indicators and maintained growth trends in line with previous years, a fact supported by the confidence shown by its customers and the market.

 The Management Report and Financial Statements, discussed on 28 April 2023, during the Session of the Ordinary General Meeting, indicates that the bank has bucked the trend of the global economy that in 2022 was considerably impacted by accelerating price levels, slowing growth rates in the world economy, as well as the negative repercussions of military conflicts.

 The bank showed a significant improvement in its profitability and efficiency ratios in 2022 compared to the same period in 2021. Return on equity (ROE) and return on assets (ROA) reached positive 1.26% and 0.05%, respectively, compared to negative 9.83% and 0.4% in 2021.

 As regards prudential ratios, the solvency ratio remained stable, standing at 22.58% at the end of 2022, compared to 23.21% in 2021. The liquidity ratio reached 47.41% in 2022, an improvement of 2.91pp compared to 2021, remaining above the regulatory requirements set by the regulator.

 In 2022, the bank recorded balanced growth in deposit-taking, with an increase of 8% (MZN 2.6 billion) compared to the previous financial year, which highlights continued investment and confidence from customers in Moza and the Bank's Relational approach. Total assets also grew in this direction, showing an increase of 6% (MZN 2.6 billion).

 In 2022 alone, Moza Banco registered a notable growth, of approximately 27%, in the number of Customers, placing the total at 215,864.

The institution's operating efficiency remained positive, reflected in a cost-to-income ratio that stood at 74.30%, which reflects the positive effect of the ongoing strategy of optimisation and rationalisation of operating costs and investments.

 The efficient performance of the institution led to the generation of positive results amounting to MZN 326 million, contrary to the negative MZN 1.3 billion figure which had been recorded in the previous year. As a consequence of the aforementioned measures, as well as the significant increase in the volume of transactions with customers, the Bank recorded a positive net result after tax of MZN 90 million.

 The Chairman of the Board of Directors (PCA) of Moza Banco, Dr João Figueiredo, highlighted that "in a challenging macroeconomic context and with rising interest rates, the Bank contributed towards the growth of the economy through the granting of financing, ensuring due prudence in line with the Bank's strategy, given the context of increasing non-performing loans in the system". "We will continue to focus on strengthening policies and instruments to guarantee effective and efficient management, ensuring best practices in risk management and compliance."

2022 was also marked by the approval and start of implementation of the 2022-2026 Strategic Plan, a guiding instrument which sets out the Bank's guidelines for action in the period in question. The Plan also includes guidelines to support activities, focusing on customer relations and the Bank's sustainability.

 In line with the defined strategy and as a way of reaffirming the confidence in and commitment to the Moza project, in December 2022, the Bank's shareholders approved a share capital increase operation of MZN 1.1245 billion.

 It is important to mention that a line of funding from the European Investment Bank (EIB), of USD 10 million, was recently approved, aimed at supporting the Bank's credit activity. This initiative is a sign of the confidence this prestigious financial institution places in Moza Banco.

Moza Banco has just extended the deadlines for the submission of journalistic works, within the framework of the 2nd Edition of the Moza Banco Journalism Prize, launched in December last year.

Under the theme: "Mozambicans who matter: Example of resilience, justice and development for the country", the competition aims to encourage media professionals to investigate, produce and publish articles that contribute to the demonstration of what is best in Mozambique, generating positive impact on society and rewarding excellence in journalistic activity in the social, cultural and sports areas.

With the extension, journalists have until 31 October to submit their work. Initially, the deadline had been 31 March this year.

"The extension of the deadline for receiving nominations aims to allow room for the participation of the entire journalist profession. We understand that this is an opportunity for a wide discussion of this issue, which is of capital importance for Mozambican society. We want to see inspiring stories that symbolise the genuine contribution to the development of our young nation", the Director of Marketing and Communication at Moza Banco, João de Almeida Mota, said.

The award for the best work published by the national media covers three categories: Written Press, Radio and Television.

This is an initiative where original works by professional journalists, or a collective of journalists, duly signed and published/issued in Portuguese in a Mozambican media outlet between 1 October 2022 and 31 October 2023 and those portraying the various facets of the Mozambican reality, may apply.

It is worth mentioning that as part of the joint efforts to reduce GBV levels, Moza Banco launched the competition in 2021 for journalists who have authored articles on GBV in times of the Covid-19 pandemic.