Mozambique Central Bank Moves to Rescue Bank
The central bank has taken steps towards rescuing the country's fourth largest commercial bank Moza Banco which has been hit by liquidity challenges after investors failed to recapitalise it.
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Mozambique:
Moza Banco Had Negative Solvency Ratio
AIM, 3 October 2016
The Bank of Mozambique was obliged to intervene in the fourth largest of Mozambique's commercial banks, Moza Banco, because its solvency ratio had gone negative, according to the… Read more »
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Mozambique:
Central Bank Intervenes in Moza Banco
AIM, 1 October 2016
The Bank of Mozambique has intervened in the country's fourth largest commercial bank, Moza Banco, suspending its Board of Directors, and imposing a provisional board. Read more »
Moza Banco branch in Maputo
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Mozambique:
Moza Banco Increases Share Capital
AIM, 23 August 2012
Moza Banco, one of Mozambique's newer commercial banks, plans to increase its share capital in mid-October from the current 40 million to 45 million US dollars, according to the… Read more »
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Mozambique:
Banks Urged To Have Presence in All Districts By 2019
AIM, 11 August 2016
President Filipe Nyusi has urged Mozambique’s financial institutions to expand their services so that all of the country’s 152 districts have at least one bank branch… Read more »
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Mozambique:
Moza Banco Unaffected By Banco Espirito Santo Crisis
AIM, 25 July 2014
The Mozambican bank Moza Banco has stated that it will not be affected by the financial crisis and scandal that has hit the Portuguese bank Banco Espirito Santo (BES). Read more »
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Mozambique:
Bes-Africa Enters Moza Banco
AIM, 21 January 2011
The Portuguese company BES Africa, a holding company of the Banco Espirito Santo group, on Thursday formalised in Maputo its purchase of 25.1 per cent of Moza Banco, one of the… Read more »
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Mozambique:
'Moza Banco Will Cease to Be a Small Bank'
AIM, 29 July 2010
The entry of a major Portuguese bank, the Banco Espirito Santo (BES), as a shareholder in one of Mozambique's newest banks, Moza Banco, means that "Moza Banco will cease to be… Read more »
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Mozambique:
Portuguese Bank Takes Share of Moza Banco
AIM, 27 July 2010
A major Portuguese bank, the Banco Espirito Santo (BES), on Monday closed the deal to purchase 25.1 per cent of the shares in Moza Banco, one of the youngest of Mozambique's banks,… Read more »
