Mozambique: Credit to economy falls 2% in June
Mozambique: Millennium Bim restores 17 branches, 30 cash machines
6:55 CAT | 01 Apr 2019
Photo: Lusa
Mozambican bank Millennium Bim said on Monday that Cyclone Idai had caused considerable damage to its branches and ATMs but 17 of the physical branches and some 30 cash machines were back up and running in the affected areas.
“We are still counting the losses but we know that there was a lot of physical destruction and some of our outdoor structures were hit.
The most important thing, the bank said, is that all our employees are safe and sound. That was our main concern.
Portuguese bank Millennium BCP is Millennium Bim’s main shareholder.
Millennium Bim has the largest network of branches in Mozambique as it is present in all 162 districts, particularly in the rural areas so it “can respond to the needs of the citizens’ “who need its services.
Millennium bim also noted that despite the damage to some of its infrastructures it also has various digital platforms that are available through Internet Banking or Millennium IZI as both these services offer a wide range of functions.
The tropical cyclone, dubbed Idai, hit Mozambique’s Sofala province towards midnight on 14 March, causing damage and flooding kilometres wide and several metres deep in some places. It went on to devastate Beira, a port with a population of over half a million.
The storm also hit neighbouring Zimbabwe and Malawi, where it has killed and injured hundreds more.
Source: Lusa
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