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Mozambique: Central bank appoints resident inspector for Millennium bim
1:31 CAT | 02 May 2024
File photo: Millenium bim Bank
The Bank of Mozambique (appointed this Thursday, a resident inspector for Millennium bim, to “reinforce monitoring” at the financial institution.
A Bank of Mozambique note to which MZNews has had access states that, “following the need to reinforce monitoring at the International Bank of Mozambique (Millennium bim), it appointed Mr. Hélder Manuel Chachuaio Muianga, a member of this institution, to perform the duties of inspector resident in this bank, with effect from today, May 2, 2024”.
The resident inspector, according to the central bank, will have, among “other tasks”, the mission of “monitoring the bank’s business model and strategy, monitoring and analysing developments in the bank’s internal control system and participating in relevant meetings of collegial bodies”.
“Despite this supervisory action, the Bank of Mozambique stresses that Millennium bim remains solid and stable,” the central bank adds.
Source: MZNews
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