Maputo, Aug. 19, 2025 (Lusa) - Profits at Banco Comercial e de Investimentos (BCI), the Mozambican subsidiary of Portuguese group Caixa Geral de Depósitos, grew 4.4% in the first half of 2024 to 3.706 billion meticais (€49.8 million).
According to BCI’s first-half financial statements, this performance compares with net profits of 3.549 billion meticais (€47.7 million) in the first six months of 2024.
The bank’s total assets grew to 249.673 billion meticais (€3.361 billion) at the end of June, including 68.411 billion meticais (€921 million) in customer loans, while liabilities rose to 213.783 billion meticais (€2.878 billion), including 195.748 billion meticais (€2.635 billion) in customer funds (deposits).
In the document, BCI highlights that during the first half of the year, it received 350 million meticais (€4.712 billion) relating to “the recovery of various credit operations, by agreement between the parties”.
BCI has a share capital of 10 billion meticais (€138 million), In a shareholder structure led (51%) by Caixa Participações, of the Caixa Geral de Depósitos (CGD) group, with the Portuguese bank BPI (35.67%) and also directly by CGD (10.51%), among others, the company closed 31 December 2024 with 2,712 employees.
BCI’s profits fell by 26.18% in 2024, according to the report and accounts previously reported by Lusa, from a record 8.181 billion meticais (€110 million) in 2023 to 6.039 billion meticais (€81.2 million) last year. This outcome reflects a “127.1% increase in impairment costs and provisions”.
“This reflects the prudence adopted by the bank in covering assets exposed to credit risk and sovereign risk. This approach arose largely from the impacts of the post-election environment, including the prospect of a rating agency revising the country’s rating,” the document explains.
BCI’s management decided to retain the 2024 net income as dividends to “strengthen the balance sheet and increase its resilience to possible worsening of risks”, given the “uncertainties associated with the current national and international context”, and despite the bank “presenting very comfortable capital adequacy and liquidity ratios”.
Even so, the management emphasises that BCI’s performance in 2024 “remained solid”, highlighting the 15% growth in deposits compared to the previous year, to 183,483 million meticais (€2.469 billion), and 4.27% in equity, to 32,153 million meticais (€433 million), thus contributing to a 10.87% increase in total assets, which reached 231,641 million meticais (€3.118 billion).
The loan portfolio increased by 6% in 2024 to 78,207 million meticais (€1.052 billion), representing a “strengthening of BCI’s commitment to financing the productive and consumer sectors and a boost to the country’s economic growth”.
PVJ/ADB // ADB.
Lusa
