Banco MAIS

Sustained by its prestigious shareholders, Banco MAIS focuses on providing global innovative and technologically advanced financial and business solutions for companies and private individuals alike. Since 2014, Luis Almeida has acted as President of the Executive Commission (CEO) of Banco MAIS. During this time, he has overseen the bank's developm... ent to full commercial bank and its advancement into digital banking and financial inclusion. Penresa had the pleasure of speaking to him about its recent acquisition by the Chinese Group BISON, as well as the bank's future prospects and vision. Recently, BISON Group acquired 48% of Banco MAIS shares. What does this acquisition mean for the future of the bank? This was very important for the bank because it has reinforced our balance sheet, giving to the bank more financial capacity to continue its development and access to an international network, especially with China, Hong-Kong, Macau and Portugal, where the BISON has other financial institutions. With this acquisition, Banco MAIS is the only bank in Mozambique with direct Chinese investment and we are changing our strategy to address this market and be the bank for Chinese Companies in Mozambique. We will also start offering other services to our clients, like Investment Banking and Wealth Management. This acquisition shows that it's possible to attract investment to Mozambique and to the financial system. What is Banco MAIS doing to support the development of SMEs? The last years has been very difficult for SMEs, but now the economic environment is changing for the better and there are good prospects for the futures, especially with the start of the gas projects. Banco MAIS has special products and an agreement with the Association of SMEs to support the development and growth of these companies, which is essential if they want to be part of the business opportunities that will arrive soon. Last year, the bank joined the integrated electronic payment system in the South African Development Community. How do ...Read More