Standard Bank Mozambique posts €30m profit in H1

According to the document, the bank continued to expand its operations, with total assets growing by 0.7% to 195.259 billion meticais (€2.604 billion) in June, compared with the end of 2025. Customer deposits increased by 5.0% to 146.558 billion meticais (€1.955 billion), while net loans to customers fell by 10.8% to 28.950 billion meticais (€386.1 million), also compared with the financial year ended in December. Total liabilities grew by 1.3% to 157.102 billion meticais (€2.095 billion), while equity decreased by 1.6% to 38.110 billion meticais (€508 million).

The financial statements also show operating income of 8.052 billion meticais (€107.4 million) and operating profit before impairments of 3.462 billion meticais (€46.2 million) for the six-month period. Standard Bank Mozambique’s profit had already fallen by 26% in 2025, to 4.526 billion meticais (€60.4 million), after reaching 6.134 billion meticais (€81.8 million) in 2024 and a record 7.191 billion meticais (€95.9 million) in 2023. In its 2025 annual report and financial statements, previously reported on by Lusa, the bank’s management attributed the decline in results to adverse macroeconomic factors, namely high sovereign risk, limited availability of foreign currency, lower interest rates and a contraction in lending.

The bank also said that the shortage of foreign currency disrupted imports of intermediate goods, limited the expansion of the private sector and constrained demand for financing, contributing to stagnation in the loan portfolio. Standard Bank Mozambique is a private bank established in 1967, headquartered in Maputo, although the institution’s presence in the country dates back to 1894. Its main shareholder is Stanbic Africa Holdings Limited, which holds 98.15% of the share capital and is controlled by South African group Standard Bank Group.