The National Investment Bank (BNI) posted a net profit of 137.51 million Meticais in 2020, corresponding to a 113 percent increase over the amount of 64.45 million Meticais recorded in 2019. During the presentation of the BNI Annual Report and Accounts for the 2020 economic year, the bank’s Executive Council President (PCE), Tomás Matola, explained that the positive performance was accompanied by the consolidation of the bank’s financial strength and health , evidenced by the return on assets, the robustness of own funds, the level of adequacy of own funds and liquidity. Data shown by Matola indicate that BNI’s solvency ratio registered 40.43 percent, above the 12 percent established by the regulator and the liquidity ratio stood at 54.52 percent, against the regulatory 25 percent. Also noteworthy is the reduction in the non-performing loan ratio to 2.5 percent, a level well below the sector average. Of the set of projects financed by the bank, in 2020, in the most diverse sectors, there are some whose multiplier impact on the economy is greater in terms of job creation, increase in Gross Domestic Product (GDP), increase in family income and increase institutional operational efficiency. These are the sectors of infrastructure and industry, in which projects were financed in the area of ​​fuels, acquisition of equipment for processing mineral resources, food processing industry, namely, the processing of cashew nuts, sesame, soy and corn, including for the production of oils and soaps, among others. “It was in pursuit of these strategic objectives that, the Executive Committee, supported by its team of managers and technicians, developed a set of strategic and operational activities, within an approach of prudence in risk taking and management, which were summarized in the business expansion by creation of new products and services adjusted to the current economic situation, mobilization of resources in the domestic and international markets to finance the economy at the same time that we focus on improving the quality of assets, adjusting the levels of liquidity and solvency, which allowed BNI to achieve positive results and consolidate its profitability, solvency and efficiency indicators “, said the BNI PCE. During the event, Matola emphasized that the 2020 work was carried out in an adverse environment with all the unfavorable political and macroeconomic conditions, both at the global level and, above all, at the domestic level. In fact, he recalled, global growth has slowed significantly and the Mozambican economy has recorded the first negative growth in more than 10 years. (Letter) Source: Carta de Moçambique

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