Africa-Press – Mozambique. More than 40% of the loans granted by BNI and Ecobank were in default at the end of September, and most of Mozambique’s institutions also maintained ratios above the 5% recommended by the central bank.
In the Bank of Mozambique’s Prudential and Economic-Financial Indicators report, BNI – which is on the central bank’s list of institutions with fewer than a thousand customers – closed the third quarter with a non-performing loan (NPL) ratio of 41.09% – down from 52.4% in the first quarter.
Ecobank also appears among the commercial banks on the central bank’s list, with an NPL ratio of 43.78% (33.88% in the first quarter), as do Moza Banco, with a ratio of 23.69%, and Access Bank, with a ratio of 17.92%.
From the list published by the central bank, based on data provided by the financial institutions themselves, only United Bank for Africa (UBA), First National Bank (FNB), Standard Bank and First Capital Bank (FCB) have an NPL ratio below the recommended 5%, with respectively 1.74%, 2.30%, 3.50% and 4.06%.
Millennium BIM, one of the largest in the country and led by the Portuguese bank BCP, saw its non-performing loan ratio reach 5.27% in the last quarter, while BCI, led by Caixa Geral de Depósitos, reached 9.97%.
The governor of the Bank of Mozambique, Rogério Lucas Zandamela, said in November 2023 that the Mozambican banking sector was “solid and well capitalized”, but warned that non-performing loans remained at high levels.
Central bank data indicate that there are currently 15 commercial banks and 12 micro-banks operating in Mozambique, as well as credit cooperatives and savings and credit organizations, among others.
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