Millennium Bim voted “Best Digital Bank in Mozambique” for the second time

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Millennium Bim voted “Best Digital Bank in Mozambique” for the second time

3:00 CAT | 19 Aug 2020

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The Mozambican bank Millennium Bim, one of the largest in the country, has for the second time won Global Finance magazine’s “Best Digital Bank in Mozambique” award.

“This award highlights the institutions that are leading the change towards a new banking world,” said Joseph Giarraputo, editorial director of Global Finance, an international magazine on global financial markets and banking analysis.

“This year, a global pandemic has accelerated the transition to digital banking, but banks with a vision for the future were already on that path,” a statement reads.

The selection was made by financial sector analysts, based on criteria such as the strength of the bank’s strategy to attract digital customers, success, growth, breadth of product offerings and benefits on devices.

The Chairman and Chief Executive Officer of Millennium Bim, José Reino da Costa, emphasised that the institution’s strategy was based on innovation as a way of supporting the development of the business fabric and meeting the needs of families.

“We have contributed, unequivocally, to the rapid banking and financial inclusion of Mozambicans, and for this reason we are justly the most awarded bank in Mozambique, with a collection of more than 100 international awards,” he is quoted as saying.

Millennium Bim, which has 1.8 million customers in Mozambique, has as shareholders the Banco Comercial Português group, with 66.69%, and the Mozambican state, with 17.12%. Also part of the shareholder structure are the National Institute of Social Security of Mozambique (INSS) (4.95%); EMOSE, a Mozambican insurance company (4.15%); and the Foundation for Community Development (FDC), with 1.08%.

Source: Lusa