Standard Bank Moçambique to have new headquarters in Maputo

13 November 2012

The new head offices of Standard Bank Moçambique in Maputo will take 18 months to build and cost US$42 million, the bank’s chairman of the board has stated, reports the Maputo-based daily Notícias.

The building, whose cornerstone was laid last Thursday, will have seven floors with a façade made entirely of glass and house all the bank’s central services, including offices, meeting rooms and parking spaces.

“Besides offering comfortable space with the latest technology to meet client demands quickly and professionally, the new Standard Bank headquarters will bring together various services that are now dispersed,” the bank’s chairman of the board, Tomaz Salomão, said last week.

On the occasion, Banco de Moçambique head Ernesto Gove urged financial institutions operating in the country not to neglect vital economic sectors such as agriculture, tourism and industry.

The incipient exploitation of natural and mineral resources by major projects creates space for those sectors to become prosperous, providing opportunities for small and medium sized companies operating in various sectors, including agriculture.

In that regard, he also called on commercial banks to not just finance projects in vital economic sectors but also to advise their respective clients on how to structure and transform ideas into viable projects. (macauhub)