Banks in Mozambique play a central role in the country’s economic development, offering a mix of domestic, regional, and international banking services. Regulated by the Bank of Mozambique, the sector supports retail, corporate, and investment banking across the nation.
Below is the updated list of licensed commercial banks operating in Mozambique as of 2024.
List of Commercial Banks in Mozambique
Standard Bank, S.A. (SB)
Part of the South Africa-based Standard Bank Group, Standard Bank Mozambique offers a broad range of services including personal accounts, SME financing, trade finance, and digital banking platforms.
Banco Comercial e de Investimentos, S.A. (BCI)
One of the largest indigenous banks in Mozambique, BCI focuses on retail and commercial banking. It has an extensive network of branches and ATMs across the country.
First Capital Bank, S.A. (FCB)
A subsidiary of the First Capital Bank Group, it operates in several African countries. FCB Mozambique targets individuals, SMEs, and large corporations.
Banco Société Générale Moçambique, S.A. (BSG)
Previously part of Société Générale Group, the bank is now integrated into the Vista Bank Group, offering corporate banking, treasury services, and trade solutions.
African Banking Corporation (Moçambique), S.A. (ABC)
A regional financial player, ABC delivers customized banking and investment solutions to corporate and high-net-worth clients.
FNB Moçambique, S.A.
Owned by South Africa’s FirstRand Group, FNB provides digital-first banking products, mobile banking, and SME-focused services.
Ecobank Moçambique, S.A.
Part of the pan-African Ecobank Group, it offers inclusive banking products to individuals, SMEs, and multinationals operating in Mozambique.
Moza Banco, S.A.
A locally controlled bank that focuses on modern banking services, digital innovation, and financial inclusion across Mozambique’s provinces.
United Bank for Africa Moçambique, S.A. (UBA)
The Mozambican branch of the UBA Group, UBA offers international remittance, business accounts, and cash management services.
Nedbank Moçambique, S.A.
Affiliated with South Africa’s Nedbank Group, it provides commercial banking services with a focus on structured finance and corporate clients.
Banco Nacional de Investimento, S.A. (BNI)
Mozambique’s state-owned investment bank that supports national infrastructure projects, public-private partnerships, and strategic sectors.
Banco BIG Moçambique, S.A.
A subsidiary of Banco de Investimento Global, it targets high-net-worth individuals and corporate investors with savings, forex, and investment options.
Banco Letshego, S.A.
Part of the Botswana-based Letshego Group, it focuses on financial inclusion through micro-lending, salary advances, and personal finance products.
Access Bank Mozambique, S.A.
The Mozambican arm of Nigeria’s Access Bank Group, providing corporate, retail, and digital banking services.
Conclusion
Banks in Mozambique provide a dynamic blend of local presence and international expertise. With strong representation from pan-African and global financial groups, Mozambique’s banking sector continues to drive financial access, innovation, and economic development. Whether you’re an individual seeking personal finance solutions or a business exploring investment opportunities, Mozambique offers a secure and diversified banking environment.
