The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have reduced the Prime Rate that will apply to credit institutions in March from 23.50% to 18.50, a drop of five percentage points. The information is contained in a document released this Monday (03) by the two institutions and to which...
Tag: prime rate
Prime Rate in the Mozambican financial system falls for the second month in a row
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have set the Prime Rate for credit institutions at 19% for the month of January, down from 19.7% in December. This rate in the Mozambican financial system is the only...
Prime Rate of the Mozambican financial system falls to 19.7% in December
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have decided to reduce the prime rate that will apply to credit institutions in December from 19.8% (in November) to 19.7%. The information is contained in a document released yesterday, Friday (29), by the two institutions and to which MZNews had access. A...
Banco de Moçambique and AMB decide to maintain prime rate for October at 21.50%
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have decided to maintain the prime rate that will apply to credit institutions in October at 20.50%. The information is contained in a document released yesterday, Monday (30), by the two institutions and to which MZNews had access. The prime rate for the...
Banco de Moçambique and AMB decide to maintain prime rate for August at 21.20%
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have decided to maintain at 21.20% the prime rate that will apply to credit institutions during the month of August, which starts tomorrow, Thursday. The information is contained in a document released yesterday, Tuesday (30), by the two institutions and to which MZNews had access. A...
Financial system Prime Rate to fall in July to 21.20%
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have set the Prime Rate that will apply to credit institutions during July at 21.20%, lowering it further for the fifth consecutive month. For the current month, the two institutions have set the Prime Rate at 22%, compared to 22.70%,...
Financial system Prime Rate to fall in May for the third month running
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have set the Prime Rate for credit institutions at 22.30% for the month of May, lowering it further for the third consecutive month. For the current month, the two institutions have set the Prime Rate at 22.70%, compared to the 23.10% recorded in...
Mozambique lowers Prime Rate to 23.10% for credit institutions
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have set the Prime Rate that will apply to credit institutions in March at 23.10%, compared to 23.50% in February. According to a statement released on Wednesday, February 28, to which MZNews had access, the Prime...
Financial system Prime Rate remains unchanged for the second month running in February
The Bank of Mozambique (BdM) and the Mozambican Banking Association (AMB) have set the Prime Rate for credit institutions for February at 23.50%, keeping it unchanged for the second month in a row. According to a statement released on Tuesday, the Prime Rate for the Mozambican financial system had been falling since 2018,...
Prime rate remains unchanged in October at 24.10%
The prime rate for credit operations in Mozambique will remain unchanged in October, for the fourth consecutive month, at 24.10%, the Mozambican Banking Association (AMB) said today. The prime rate had been falling since 2018, to a low of 15.5% in February 2021, when...