Profit at Banco Internacional Moçambique rises 70 percent in 2005

10 March 2006

Maputo, Mozambique, 10 March – Mozambican bank, Banco Internacional de Moçambique (BIM), a subsidiary of Portuguese group BCP Millennium, said Thursday in Maputo its net profit for 2005 had increased 70 percent year on year to around 12 million euros.

At the session for presenting its results, BIM said it had also achieved 20 percent growth of total assets, which increased to around 700,000 euros.

BIM is a market leader in its sector in Mozambique and is 66 percent owned by Millennium Bcp while the remainder of its capital is held by the Mozambican state.

The Bank highlighted, “strong investment in alternative channels and electronic banking,” and the development of business areas such as housing and personal loans. (macauhub)