The CEO of Mozambique’s BNI bank, Dr. Tomás Matola, spoke in a press conference yesterday, sharing data about the bank’s most recent credit lines, aimed at assisting the country’s SMEs to mitigate the effects of the COVID-19 pandemic.
BNI total funds from the two credit lines – “GovCOVID-19” and “BNI-COVID-19” – amounted to roughly £16M (about US$21,5M), which Dr. Matola explained were greatly exceeded (in 600%, in fact) by the financing demand shown by Mozambican companies looking to weather the current hardships brought about by the pandemic.
In total, 1058 credit applications were received, 585 (55%) from Mozambique’s south region, 293 (28%) from the central region and 180 (17%) from the north region.
Dr. Matola stated that out of all the applications received, a total of 21% have been approved for financing, 48% from the south region, 32% for the central region and 20% from the north region.
Below you will find a detailed breakdown of each of the most represented sectors which were benefitted through BNI’s credit lines, in relation to their total share and also their share in their respective regions:
|Poultry / Livestock||16%||25%||3%||16%|
|Food processing Industry||8%||2%||16%||11%|