Thursday, July 18, 2024

Banking in analysis: Choose the ideal institution for your business success in 2024

With the growing transformation of the financial sector, Mozambique is witnessing a new era aimed at broadening access to financial services, especially in support of the business sector. Below, we present a detailed analysis of seventeen (17) major banks in the country, highlighting their crucial role in supporting the local business community.

When considering which financial institution to work with in 2024, it is crucial to assess the specific needs of your business. Each bank listed offers distinct advantages, from personalized support for small businesses to comprehensive solutions for large companies. Keep up to date with the innovations and opportunities these institutions offer to ensure the sustainable growth of your business in this new financial.

List of banks

Absa Bank – Acess Bank – BCI- Banco Big -Banco Mais – BNI- Ecobank -First Capital Bank-FNB-Letshego- Millennium Bim- Moza Banco – NedBank – Société Générale Moçambique-Socremo MicroBanco, S.A- Standard-Bank-UBA.

Absa Bank

Absa Bank Mozambique is part of Absa Group Limited, an African financial services group with the ambition to be the pride of the continent. Absa Group Limited is listed on the Johannesburg Stock Exchange in South Africa and is one of the largest and most diversified financial groups in Africa with a presence in 12 countries on the continent and around 42,000 employees.


Committed to finding local solutions, everything it does focuses on adding value. It is in a position to offer clients a variety of retail, business, corporate and investment, and wealth management solutions, as well as ensuring a positive impact in all the countries where it operates.


Mobile: 1223

International: +258 21 344 400


Access Bank

Access Bank Mozambique SA. is a subsidiary of Access Bank Plc, ranked among the top 20 banks in Africa by assets and capital.

Access Bank Plc’s leading position was recently validated by an upgrade of its risk ratings by renowned international and national agencies: S&P (ngA- to ngA); Fitch Ratings (B- to B); and Augusto & Co (BBB to A-), which is attributable to its improved market position, strong capitalization, strong liquidity profile and larger distribution network.

As part of its ongoing growth strategy, Access Bank is focused on integrating sustainable business practices into its operations.

Access Bank has been awarded by renowned national and global organizations for its activity across the African continent. Below we highlight the most recent awards:

2019 – World Finance Award – “Best Digital Bank in Nigeria”
2019 – World Finance – “Best mobile app in Nigeria”
2019 – Karlsruhe Sustainable Finance Awards – “Outstanding achievement in business sustainability”
2018 – Euromoney Private Banking – “Best Commercial Banking Capabilities”
2018 – Euromoney – “Best Bank in Africa for Social Responsibility”
2018 – Central Bank of Nigeria – “Sustainable Bank of the Year”


Access Bank Mozambique
Maputo Business Tower
Rua dos Desportistas no. 480, 17 / 18º
T: 20 600 800

Monday to Friday – 08:00 – 15:00
Saturdays, Sundays and Public Holidays – Closed

Commercial and Investment Bank (BCI)

BCI’s identity is marked by the financial and business culture of the Caixa Geral de Depósitos and Banco Português de Investimento Groups. The essential features of this culture are management independence, organizational flexibility, teamwork, the ability to anticipate and innovate, rigorous risk management and the secure creation of value.


Proximity – To be ever closer to our Customers and potential Customers, through a network of capillary points of sale in the main urban centers and present in rural areas;

Accessibility – Providing simple, easy-to-use access channels at all times, allowing each customer to choose the one that best suits them at any given moment;

Quality – Offering a level of service suited to each segment, promoting, measuring and improving customer satisfaction;



Fax: 21309831

E-mail: DGE-CC139@BCI.CO.MZ

Open from 08:00 to 15:30

Av. 25 de Setembro, nº 254 – Praça Roberto Mugabe

Bank de Investiment Global (BiG)

Bank de Investiment Global (BIG) Moçambique, S.A. is a bank specializing in savings and investment, licensed to operate in all areas open to the banking sector in Mozambique.

BiG has a transparent and innovative business model, focused on savings and investment solutions, as well as advisory services aimed at Companies, Institutional Clients and affluent Individual Clients.

The Bank’s business model is geared towards personalized advisory services, and its internal policy focuses on the following points:

Independence from the interbank financing market;
Low financial leverage;
Low exposure to liquidity risk;
Exceptional levels of solvency.

Since the beginning of its activity, BiG Moçambique has been an important driver of the capital market, and is already one of the main operators on the Mozambique Stock Exchange and one of the main placers of sovereign debt securities with local and international investors.

In Corporate Finance, one of the Bank’s main areas of activity, BiG has been involved in most of the advisory projects that have taken place in the country, involving private companies, international investors and public companies.

4x Best Investment Bank in Mozambique

Awarded in 2020, 2021, 2022 and 2023 by the Global Banking and Finance Review


Branch – Head Office

+258 84 094 80 00

Banco BiG, nº 733, R. dos Desportistas, Maputo


MAIS, SA is a micro-commercial bank dedicated to supporting the development of the Mozambican business community. It provides high quality services with a comprehensive range of financial solutions for individuals and companies, through its network of Business Units in Maputo, Boane, Xai-Xai, Chimoio and Tete.


Over the last few years, Banco Mais has focused on customer orientation. This strategy, supported by the latest market trends, allows us to improve our knowledge of our customers’ needs, and consequently to tailor our products and services to them.

Shareholder Structure

Among its key shareholders are BISON Capital Financial Holding, Geocapital – Gestão de Participações and Africinvest Financial Sector. Entities with strong knowledge and experience in the management of financial institutions, with investments in various holdings around the world.


T +258 21 24 56 00

Av. Julius Nyerere no. 2385,

E-mail address:

Maputo City

Banco Nacional de Investimentos (BNI)

BNI is a bank dedicated to financing innovation-driven projects that contribute to Mozambique’s sustainable development process and to boosting business sectors.


BNI offers a range of advisory and consultancy services typical of investment banking, fund management and access to the capital markets, which provide its clients with a broad and unique offer in Mozambique.

As a development bank, BNI’s role is to support and strengthen the national business fabric to ensure inclusive economic participation in all areas that impact the development of our country.

Business Areas

Investment Banking
Development Banking
Mozambique CNG
FAE Emergency
BNI’s Sources and Resources

Own capital;
Lines of credit and/or development funds from the government and national and foreign partners;
Bond loans, domestic and foreign;
Loans from other domestic and international financial institutions;
Deposits and operations of the bank’s borrowers.
Av. Julius Nyerere, 3504 Bloco A2

4668 Maputo, Mozambique

Tel: +258 21 498 581

Fax: +258 21 498 595

Ecobank Mozambique

Ecobank Moçambique is a company dedicated to Innovation and Development, with the mission of ensuring that the best businesses and services in the country are found.

Ecobank Mozambique is supervised and regulated by the Central Bank of Mozambique. It has 4 branches located in Mozambique’s largest cities, two in the south, one in the central region and one in the north.

It has a total of 118 employees, of whom 71 are permanent staff, 28 are trainees and the other 19 are service providers.


To transform pan-African knowledge and presence into business opportunities and investment performance, helping to transform African economies and the lives of the continent’s people through benchmark business and long-term wealth creation.


+258 21 341 300

+258 828 415 945

N° 210, Av. Vladimir Lenin, Maputo

First Capital Bank

First Capital Bank SA began operations in Mozambique in July 2013 (as Capital Bank SA), when it took over the operations of International Commercial Bank. Capital Bank SA is jointly owned by FMBcapital Holdings plc and other international shareholders. FMBcapital Holdings has a strong regional presence with banking operations in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.

With a flexible and innovative customer-focused approach, we offer a full range of cross-border and traditional banking services to retail and corporate banking clients.


First Capital Bank subscribes to a strict code of corporate governance administered by a strong and robust governance structure.

At First Capital Bank, the priority is to meet customers’ needs and offer them a world-class banking experience.


The Group leverages its partnerships and technology to introduce a range of products and services designed to make banking more convenient, accessible and inclusive.

First Capital Bank subscribes to a strict code of corporate governance administered by a strong and robust governance structure.


  • 258 21 320 760 / +258 213 207 61


Av.25 de Setembro, Aterro do Maxaquene, Edifício Maryah, 7º Andar, Maputo Mozambique


FNB Moçambique S.A., a subsidiary of the FirstRand Group, began its activities in Mozambique in 2007 with the acquisition of Banco de Desenvolvimento e Comércio (BDC).

With a focus on providing financial services to the Mozambican business sector, FNB is a Corporate and Investment Bank that also operates in commercial and retail banking, with Leasing and Asset Financing solutions, Transactional and Commercial Solutions, Short-Term Insurance and Memorandums of Understanding.

It operates through a network of 15 branches spread across 8 provinces of the country, more than 40 FNB ATMs, around 1170 SIMO ATMs including several ADTs and POS. The services are complemented by various electronic payment functionalities: Online Banking, cash collection service, Host to Host integration into Corporate clients’ financial systems, validation of reconciled payment references, mobile payments and ATM payments.


It is guided by a strong customer-centric culture and an independent banking system that helps us adapt products and solutions to customer needs and make them accessible to all.


Creates and delivers innovative advisory, financing, trading, corporate and investment banking solutions for clients in Africa and the major jurisdictions of the UK, China, the Middle East and India.

FNB stands out for being an innovative bank that turns challenges into opportunities.

Contact us
Freephone: 9448

Landline: 21 355 999



Letshego Mozambique was opened in 2011 as a subsidiary of Letshego Holdings Limited (LHL), a pan-African financial services group based in Gaborone, Botswana. It is a licensed microfinance bank, with current accounts, savings and fixed deposits available to clients.

Today it supports more than 67,000 borrowing clients and more than 3,000 savers in all provinces of Mozambique and market research has indicated that more than 70% of Letshego clients interviewed report using their credit for productive purposes (housing, education, insurance or business development).


Letshego has developed broader solutions in the agribusiness, education, health, housing and micro and small business sectors of the economy, through delivery platforms that include card systems, branch banking networks and mobile interventions to better serve these clients.


Product diversification
Geographical rebalancing
Business Agility and Corporate Culture
Sustainable Shareholder Value


Tel: 21 226 000

Headquarters: 6th floor, entrance Nr15, Av Albert Lithuli, Maputo

Millennium Bim

BIM – Banco Internacional de Moçambique. S.A. (Millennium bim) has established itself as a leading national bank, with a natural vocation for innovation, quality of service and advantages of scale, providing a solid business platform. On the one hand, the Group assumes a supernational and globalized identity and aspires to international recognition for excellence in the distribution of products and services.


With more than one million Customers and market leader in Total Assets, Loans and Customer Deposits, Millennium bim has always positioned itself as an innovative Bank in its ability to meet the needs of its Customers, marking the pace of development of the banking sector in Mozambique at various times.


Making a committed contribution to relaunching banking in the Mozambican economy;
Maintaining high levels of customer satisfaction, loyalty and involvement;
Expansion of the customer base and assets under management in traditional business areas;
Consolidation of technological leadership in the sector and region;
Sustained improvement in profitability and financial strength;
Valuing, motivating and compensating Employees;
Maximizing shareholder value.


Tel: 21 350 035


Head office: Rua dos Desportistasnº 873 – 879/9


Moza Bank

Moza opened its doors for the first time in June 2008 and, initially focused on Corporate and Private Banking, we quickly gained a prestigious position in the national financial sector, working with the largest companies in our country.

It currently has the 3rd largest distribution network of around 64 branches throughout the country: from Maputo to Rovuma, from the Indian Ocean to Zumbo, and we intend to continue to grow, with solidity and sustainability, with the aim of providing financial services to an ever-wider market of customers.


Today, Moza banco has become a relevant financial institution in the national financial system, a solid bank with all the conditions to continue developing its commercial activity, acting as a true catalyst for Mozambique’s economic, productive and social development.




LinkedIn: see profile

Twitter: @BancoMoza

Rua dos Desportistas, Edifício JAT 5.3

Maputo, Mozambique

Tel: +258 21 342 000


Nedbank Moçambique is a Mozambican subsidiary of the South African Nedbank Group, with a majority shareholding of 87.5%.

Initially known as Banco Único, it was inaugurated in 2011, and at the time was the most recent entrant to the market, but quickly rose from 18th place to become the country’s 6th largest bank in just 18 months. Unequivocally classified as one of the largest banks in Mozambique, it is today the most internationally awarded Mozambican bank, with almost 50 international awards in its portfolio.


Its ambition is to become a leading bank in the sector and to have a commercial network covering all 10 provinces of the country, with a current presence in the 8 busiest cities in the country.


Tel: +258 21 488400


Av. Julius Nyerere, nº 590 – Maputo

PO Box 3698 – Maputo – Mozambique

Société Générale Mozambique

Present in Mozambique since 2015, Banco Société Générale Moçambique is a member of the Société Générale Group, one of the largest leaders in the European Financial Sector, with an A rating (S&P) and one of the 3 largest international groups present in Africa.

With Mozambique, the group has 19 subsidiaries and was awarded the Best Bank in Africa by the Euromoney Awards in 2018. The strong knowledge and experience acquired over more than 100 years in Africa allows us to serve different segments of the economy, namely the Corporate sector, Small and Medium Enterprises and Individuals.


The commercial banking model developed by Banco Société Générale Moçambique is based on a relationship of excellence with Clients; on the specialization of managers; on efficiency and effectiveness in day-to-day transactional banking; and on rapid execution and competitiveness in international trade.


Telephone: +25821 481 900


Head Office, Maputo

Av. Julius Nyerere, nº 140, 4th Floor

Socremo MicroBanco, S.A

On May 26, 1998, Socremo was established in Maputo under the name Sociedade de Créditos de Moçambique.

Socremo currently has a network of 14 branches spread across the provinces of Maputo, Gaza, Inhambane, Sofala, Manica, Tete and Nampula, and in the near future intends to extend its operations to more regions in the north of the country.


To provide innovative and sustainable financial solutions for micro, small and medium-sized enterprises (MSMEs).
and medium-sized enterprises (MSMEs), value chains and families.


SoCasa Credit, Consumer Credit, Banquinha Credit, Micro Credit, SME Credit, Car Credit, Super Savings Account, Vitamina Account, Contigo Junior Account, and Fixed Term Deposit.


To provide innovative and sustainable financial solutions for micro, small and medium-sized
and medium-sized enterprises (MSMEs), value chains and families.


Central Services: 21499543

Customer Line: 848080


Av. 24 de Julho N. 426, Maputo – Moçambique, Maputo, MZ

Standard Bank

Standard Bank Mozambique, with a long history, has been operating in Mozambique since 1894. We are part of the Standard Bank Group, Africa’s largest bank in terms of assets, earnings and market capitalization.
With 123 years of existence, it has a vast network of branches throughout the country and offers a range of financial services, from retail banking to corporate banking, including the financing of major projects, treasury operations, international trade financing and commercial banking.


Aspires to build a leading financial services organization on the African continent, utilizing the full extent of our competitive advantages.

The focus is on delivering superior, sustainable shareholder value by serving customer needs through rigorous, on-the-ground operations in African countries.

“We will only succeed if we are able to attract, retain and develop teams of people with a passion for our strategy, regardless of where they are.”


800 412 412 (Freephone)

+258 21 355700 (Customer Line)

94000 (Business Center)


The United Bank for Africa (UBA) is one of Africa’s leading financial institutions offering banking services to more than 7 million customers in 750 branches in 19 African countries. With a presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail and corporate banking, innovative cross-border payments, trade finance and investment banking.


UBA Bank is constantly looking for new ways to make banking simpler, smarter and better.

The UBA Online Banking Service offers restricted and secure access to your account, anytime, anywhere, from your computer, tablet, smartphone or any other mobile device.


Best Digital Bank, Financing, Online Commerce, International Transfers, Entrepreneurship, Corporate Solutions, SMEs, Innovation and Technology.



Av, Zedequias Manganhela, 267, Edifício JAT 4, 7º Andar

Maputo, Maputo 1100, MZ

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