Banco Comercial e de Investimentos (BCI)


BIO’s USD 15 million loan supports Banco Comercial e de Investimentos in increasing its capacity to provide financing to SMEs in Mozambique. Proceeds of BIO’s loan will be exclusively used to grow the Bank’s SME portfolio, defined as the pool of loans extended to SMEs to which the Bank has, individually, an exposure of maximum USD 2m. In this way, BIO will reach out to 15-20 SMEs, hereby contributing to maintaining and creating approximately 450 jobs.

BIO’s loan will have a maturity of seven years and will be extended in local currency, thereby enabling the Bank to provide business loans in local currency with longer tenors. This is particularly beneficial for local SMEs, as most of them have no access to USD revenues and require in priority financing for long-term investment purposes. In this context BIO’s investment will establish an important precedent, as it will be the first long-term local currency loan conceded by a foreign investor to a Mozambican bank.

BCI puts in extra efforts for SME’s, it has developed solutions to reach out to unbanked Mozambicans, including for instance a "truck banking" scheme which allows it to provide banking services to Mozambicans living in remote areas as well as a "women in business" scheme whereby 90 women entrepreneurs were trained and obtained a loan from the Bank.


Development impact:

  • Local economic growth: Employment creation both at Bank and client level
  • Private sector consolidation/innovation: Diversification of the financial sector and credit allocation
  • Financial inclusion: Enhancing access to financial services for SMEs 
  • Investment amount (€):

    € 11,58 M

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — Local economic growth
    • 2 — Private sector consolidation/innovation
    • 3 — Financial inclusion