Mozambique: How many long weekends will 2025 bring?
BRIEF – Portugal’s Millennium bcp seeks to expand in Mozambique-CEO
4:04 CAT | 28 Jun 2016
File photo / Nuno Amado
CEO of Portugal’s largest listed bank, Millennium bcp, says:
* Mozambique is a core market, expanding there is seen as a priority.
* Will seek to put the Mozambican unit Millennium bim among Africa’s top 50 banks, now ranks around 60th.
* “We sincerely believe we can get to the top 50 in a while… But we want to grow well, in a profitable and sustainable fashion,” Nuno Amado says.
* Millennium bim, which has an average 30 percent share of the Mozambican market, is 67-percent owned by Millennium bcp, while the government of Mozambique has a 30 percent stake.
Source: Reuters
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