Millennium bim
Founded
1995
Headquarters
Maputo, Mozambique
Ticker
n/a
Sector
Banking
Stock performance
This company has no listed ticker in our data, so there is no price chart.
History
Millennium bim was founded in 1995 as Banco Internacional de Moçambique by Portugal's Banco Comercial Português (now Millennium bcp), and grew, including through the acquisition of a former state bank, into Mozambique's largest bank.
Business model
Millennium bim provides retail, corporate, and public-sector banking and insurance across Mozambique, with a strong branch network and growing digital and mobile banking.
Market position
Millennium bim is one of Mozambique's two largest banks, alongside BCI, and is majority-owned by Millennium bcp.
Country impact
As a leading bank, Millennium bim is a major holder of Mozambican government debt and a key lender to businesses, and it navigated the economic crisis that followed the 2016 revelation of the 'hidden debts' scandal.