CGD wants to remain a shareholder in Mozambican BCI

Portugal’s state-owned Caixa Geral de Depósitos (CGD) is interested in maintaining a stake in Mozambican BCI, its Chief Executive Officer told a press conference in Lisbon on Thursday (26). CGD CEO Paulo Macedo was asked whether CGD is comfortable maintaining operations in Mozambique, following the announcement by the Portuguese bank BPI that it intends to sell its stake in BCI (in which BPI holds 35.67%, while the majority of the capital is held by CGD). Macedo said that BCI is a bank that, under normal operations, is a “generator of positive banking results” and that CGD will remain in Mozambique as long as there are clients and it feels welcome.

“If the authorities see it as positive for Caixa to remain […], we will stay in BCI,” he said. (“If the authorities see it as positive for Caixa to remain […], we will stay in BCI,” he said (Macedo’s full remarks on this topic are available inAgencia Lusa’s video here). READ:Portugal: BPI considers selling stake in Mozambique BCI bank CGD posted profits of €1.904 billion in 2025, the highest ever and 10% up on 2024, the bank announced at yesterday’s press conference. BCI contributed €8 million to CGD’s results in 2025, a year that saw a significant rise in impairments at the bank due to the downgrade of Mozambique’s rating.