{"id":61009,"date":"2024-05-17T21:08:24","date_gmt":"2024-05-17T21:08:24","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level"},"modified":"2024-05-17T21:36:06","modified_gmt":"2024-05-17T21:36:06","slug":"non-performing-loans-of-most-banks-still-over-recommended-level","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level","title":{"rendered":"Non-performing loans of most banks still over recommended level"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>More than half of the credit granted by Mozambique\u2019s Banco Nacional de Investimento (BNI) was in default at the end of the first quarter of 2024, and most other banks in the country also had non-performing loan (NPL) ratios above the 5% limit recommended by the central bank.<\/p>\n

In the Bank of Mozambique\u2019s report on the Prudential and Economic-Financial Indicators for the first quarter, to which Lusa had access on Monday, BNI \u2013 which is on the central bank\u2019s list of institutions with fewer than 1,000 clients \u2013 ended the period with an NPL ratio of 52.40% (against 43.98% at the end of previous quarter) and an NPL coverage ratio that had slipped to 69.29%.<\/p>\n

The 15 or so commercial banks on the central bank\u2019s list are followed by Ecobank, with an NPL ratio of 33.88%, and Moza Banco, with a ratio of 19.12%.<\/p>\n

From the list released by the central bank, based on data provided by the financial institutions themselves, United Bank for Africa (UBA), First National Bank (FNB), Standard Bank and First Capital Bank (FCB) have NPL ratios below the recommended ceiling, at 0.84%, 2.62%, 2.66% and 3.98% respectively.<\/p>\n

Millennium BIM, one of the country\u2019s largest banks, controlled by Portugal\u2019s BCP, saw its NPL ratio fall in the last quarter, to 4.53%.<\/p>\n

The governor of the Bank of Mozambique, Roge\u0301rio Lucas Zandamela, said at the end of last year that the country\u2019s banking sector is \u201csolid and well capitalised\u201d but warned that non-performing loans remain an issue.<\/p>\n

\u201cThe ratio of non-performing loans remains at relatively high levels,\u201d he said at the time, noting that the overall ratio was still as high as 9.1% at end-September, compared to 9.3% in the same month of the previous year.<\/p>\n

\u201cThe nation\u2019s banking sector remains solid and well capitalised, with the solvency ratio standing at 24.0% in September this year [2023], corresponding to 12.0 percentage points above the regulatory minimum,\u201d Zandamela pointed out.<\/p>\n

Data from the central bank indicates that 15 commercial banks and 12 microbanks operate in Mozambique, as well as credit cooperatives and savings and credit organisations, among other institutions.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. More than half of the credit granted by Mozambique\u2019s Banco Nacional de Investimento (BNI) was in default at the end of the first quarter of 2024, and most other banks in the country also had non-performing loan (NPL) ratios above the 5% limit recommended by the central bank. In the Bank of […]<\/p>\n","protected":false},"author":84,"featured_media":61007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-61009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nNon-performing loans of most banks still over recommended level - Mozambique<\/title>\n<meta name=\"description\" content=\"More than half of the credit granted by Mozambique\u2019s Banco Nacional de Investimento (BNI) was in default at the end of t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-performing loans of most banks still over recommended level\" \/>\n<meta property=\"og:description\" content=\"More than half of the credit granted by Mozambique\u2019s Banco Nacional de Investimento (BNI) was in default at the end of t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-17T21:08:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-17T21:36:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/05\/sm_1715965364.03353.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"775\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Non-performing loans of most banks still over recommended level\",\"datePublished\":\"2024-05-17T21:08:24+00:00\",\"dateModified\":\"2024-05-17T21:36:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level\"},\"wordCount\":357,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/05\/sm_1715965364.03353.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/non-performing-loans-of-most-banks-still-over-recommended-level\",\"name\":\"Non-performing loans of most banks still over recommended level - 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