Mozambique: Bank BNI’s profits fall by 75% in 2024

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Mozambique: Bank BNI’s profits fall by 75% in 2024

1:05 CAT | 17 Jun 2025

File photo: BNI

The profits of the state-owned Banco Nacional de Investimento (BNI) fell 75% in 2024, to around 67.5 million meticais (€942,000), according to the report and accounts to which Lusa had access on Monday (16-06).

In the document, the chairman of the BNI executive committee justifies the fall with the decision to increase impairments and provisions, from 84.8 million meticais (€1.1 million) in 2023, to 341.2 million meticais (€4.7 million), in order to “strengthen the bank’s financial solidity, making it more resilient to shocks in an environment of worsening risks and uncertainties”, despite this causing a fall in net results, which, in the previous year stood at 269.22 million meticais (€3.7 million).

“This strategic decision, although impactful in the short term, reinforces the bank’s long-term sustainability, demonstrating our commitment to financial solidity and the ability to face adverse scenarios responsibly,” says Abdul Jivane.

The bank’s management acknowledges that 2024 was a “particularly challenging year for the business community in general, and for the banking sector in particular, marked by the worsening of banking risk”, influenced by the “external macroeconomic context troubled by geopolitical and trade tensions”, and also by “internal challenges of a political and social nature, in addition to the natural disasters which occurred throughout the year”.

“Despite these adversities, we emerged stronger as a bank, both in the evolution of our financial indicators and in the growth and diversification of our network of business partners,” Jivane stressed. “In terms of the main financial indicators, we recorded a robust performance, driven by our capacity for innovation, prudent risk management and the continued trust of our stakeholders.”

These factors, Jivane points out, allowed BNI’s total assets to grow by 16%, to 14,264 million meticais (€199.2 million), and its liabilities by 24%, to 10,396 million meticais (€145.2 million), which “contributed to the growth of the banking product by 24%”, to 1,235 million meticais (€17.2 million), in addition to strengthening the “solidity of the bank”, with the solvency ratio rising from 23.50% in 2023 to 33.6% last year.

The bank’s ratio of loans in default under management improved, from 28.83% of the total to 11.74% in 2024 and “to 1.63% in March, 2025”, he adds. BNI closed 2024 with a gross volume of customer credit of 4,127 million meticais (€57.6 million) and resources (deposits) that almost tripled in one year, to 3,424 million meticais (€47.8 million).

The National Investment Bank was established on June 14, 2010, as a Mozambican development and investment bank, “focused on financing projects that focus on innovation and contribute to the country’s sustainable development process” and “for the dynamization of the business sector, through advice on the structuring and mobilization of resources in the national and international markets”.

BNI is 100% owned by the Mozambican state, through the State Holdings Management Institute (IGEPE), with a share capital of 2,240 million meticais, as of December 31, 2024.

Source: Lusa