Mozambican bank Banco Mercantil e de Investimentos now called Nosso Banco

16 November 2015

Banco Mercantil e de Investimentos, a Mozambican financial institution headquartered in Maputo Thursday changed its corporate identity, taking on the new name Nosso Banco (Our Bank), Mozambican daily newspaper Notícias reported.

The chairman of the bank, João Dias Loureiro, announced the changes in a short speech, stating that they were related to the new strategy approved by the bank’s shareholders.

“Nosso Banco wants to be a Mozambican bank that is able to contribute to the economic and social development of the country, through its business, enhancing the investment of shareholders, offering challenges and professional opportunities for the best Mozambican staff and effectively serve its customers,” has said.

Dias Loureiro, who before becoming chairman of the bank in October was president of Mozambique’s National Institute of Statistics, was addressing an audience of about 300 guests including politicians, decision makers, partners, suppliers and customers of the bank.

Mussa Tembe, the bank’s chief executive and one of the main leaders of the new strategy of the bank, gave a progress report on the changes, noting that Nosso Banco had adopted a new IT solution that already offers debit and ATM cards and will start a geographical expansion programme.

Established in 2001, Nosso Banco has two branches in Maputo and employs about 70 people and its main shareholders are the National Institute of Social Security and state power company Electricidade de Moçambique. (macauhub/MZ)