trending Market Intelligence /marketintelligence/en/news-insights/trending/GB7QEYwas-qPUVdXeFuxEw2 content esgSubNav
In This List

Moza Banco placed under central bank administration

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


Moza Banco placed under central bank administration

The on Sept. 30 placedMoza Banco SA underemergency administration, saying the lender's financial and prudential situationhas become unsustainable.

The Mozambican central bank madethe decision in order to protect the interests of depositors and othercreditors, as well as to safeguard the normal functioning of the bankingsystem. The central bank decided to suspend the members of Moza Banco's board andexecutive committee, and to designate an interim board chaired by João FilipeFigueiredo.

The central bank said Moza Bancowill continue to operate as normal.