Mozambican President Armando Guebuza has praised the contribution that Standard Bank Group has provided to the growth and stability of the Mozambican economy, especially in the financial market and the socio-economic development of the country since it first set up operations in country in 1894.
President Guebuza was guest of honour at a gala dinner hosted by Standard Bank Group to commemorating its 120 years in Mozambique.
The President said the innovative products, competitive prices and diversification of clients and sectors of activities make Standard Bank Mozambique one of the pillars of macroeconomic stability of the country. He also mentioned that the bank was responsible for many of the deals that led to foreign investment in the coutnry over recent years.
“In these 120 years of activity in Mozambique, Standard Bank has been governed by a culture of rigor and professionalism, values that have served as pillars for its firmness and development of its levels of competitiveness and affirmation of our financial market, thus contributing for its stability and confidence of investors,” he said.
This stability, according to the President, can be witnessed by the entry of more financial institutions and expansion of banking network throughout the country.
For more on Standard Bank Group’s operation in Mozambique see
www.standardbank.co.mz.