Mozambique: Most banks have non-performing loan ratios above guideline - central bank
Barclays Bank Mozambique participated and excelled in FACIM – Mozambique’s biggest and best showcase for the display of products and national potential, which this year celebrated its 52nd anniversary. As before, this annual and multi-sectoral fair was able to gather in one space all economic sectors at national level.
Barclays Bank Mozambique exhibited at FACIM, putting its name to one of the largest pavilions of the event with a stand designed to receive customers and partners with a special focus on manager-client relations and discussing business opportunities and financial management.
Barclays has improved its range of banking products in order to create better conditions for its customers in an environment of economic challenges, showing itself as a reliable solution, enhanced by the excellent results of the first half, and a basis of steady growth over the past few years.
About Barclays Group
Barclays Africa Group Limited (Barclays Africa Group or the Group) is held at 50.1% by Barclays Bank PLC (Barclays) and is listed on the JSE stock exchange. The Group is one of the largest financial service providers in Africa, offering personal and business banking, corporate banking and investment credit cards, investment management and wealth as well as insurance banking. We combine our global knowledge products with regional expertise and we have a local presence well established and extended.
The Group was formed from the combination of Absa Group Limited and African Barclays operations on 31 July 2013. Reflecting the pan-African approach, our name changed its name from Absa Group Limited to Barclays Africa Group Limited on 2 August 2013. On December 31, 2013, Barclays Africa Group Limited had 847.8 million shares issued and a market capitalization of R112 billion. The Group had assets of R960 billion, 9,997 ATMs, 962 branches and 33,879 permanent workers.
Our headquarters is located in Johannesburg, South Africa, and we have majority ownership in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia . We also have representative offices in Namibia and Nigeria as well as banking insurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges. Barclays Bank PLC has operations in Egypt and Zimbabwe, which are an integral part of our African business and continue to be operated by the Executive Committee of Barclays Africa Group.
About Barclays
Barclays is a major financial services provider engaged in private banking, credit cards, corporate and investment banking with a large presence in Europe, the Americas, Africa and Asia. The purpose of Barclays is to help people achieve their ambitions – the right way.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 40,000 people. Barclays moves, lends, invests and protects money for customers worldwide.
Barclay’s participation in FACIM symbolizes the position of the bank as a facilitator of shared growth. Barclays has been reinventing itself as an institution and increasingly focusing on the prosperity of its customers, by sharing knowledge, resources and service focused on client satisfaction.
Besides a stand which presented its arguments for growth based on sharing with society, visitors were also able to test the functionality of the ATM already integrated in the SIMO Network, perform credit simulations and receive more information about products and services, from savings to insurance, in a new, dynamic and digital technologies focused manner.
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