Nedbank Moçambique

What Nedbank Moçambique does

Nedbank Moçambique, S.A. (formerly Banco Único) is a Maputo-headquartered universal bank incorporated in 2011 and majority-owned (87.5%) by South African parent Nedbank Group Limited. The bank operates 12+ branches across the 8 most economically active cities in Mozambique (Maputo, Matola, Tete, Nampula, Nacala, Pemba, Chimoio, Sofala) and employs 600+ staff. It serves retail customers (Particulares), corporate and business clients (Empresas), public-sector salaried employees, and SMEs (per Law 7/2024) with a horizontal segmentation approach.

Its product platform spans deposit accounts (Conta Nedbank, Conta Super Salário, Conta Básica ou Simplificada), savings (Nedbank Mensal, Nedbank até 1 Ano), a full credit-card range (Classic, Gold, Platinum, plus prior Voyager co-branded cards now discontinued and Gorongosa conservation cards), debit and prepaid instruments (Visa Electron, Certo, SIGA fuel card), loan products (personal, auto, housing, leasing, public-employee), and corporate services including trade finance (documentary credits, documentary collections, bank guarantees, export financing, factoring), treasury management, financial advisory, and international transfers. Distribution combines physical branches with digital channels—Nedbank Online, Nedbank Mobile, ATM network (via SIMOrede partnership), POS terminals, USSD (*124# via MYUEY), and agent banking (Nedbank Call Me, Hora Extra, Directo).

Revenue is generated across three streams: interest income (personal credit, auto loans, housing loans, leasing mobilário and imobiliário, business credit facilities), commissions and fees (account management, transfers, ATM withdrawals, card issuance, FX, trade services, advisory), and credit-card operations (interest at 40% annual, annual fees, interchange). Reported prudential metrics as of March 2026 indicate a 33.95% solvency ratio, 14.73% ROE, 2.61% ROA, 5.64% NPL ratio, and 73.36% NPL coverage. Proprietary technology features include NUIB (15-digit unique banking identifier adopted via Aviso n.º 10/GBM/2021), PayUey payment-reference service, and the Gorongosa co-branded conservation card partnership.

Name

Nedbank Moçambique

Legal name

Nedbank Moçambique, S.A.

Website

https://nedbank.co.mz

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Nedbank Moçambique (formerly Banco Único) is a Maputo-based universal bank providing retail, corporate, and digital banking products and services across 8 cities in Mozambique. It is 87.5% owned by South Africa's Nedbank Group and ranks as the country's 6th largest bank.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

Keywords

• Retail banking services
• Corporate banking
• Digital banking
• Trade finance
• Consumer lending

Headquarters

HQ city

Maputo

HQ country

Mozambique

HQ region

Africa

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income: The primary revenue stream from lending activities including personal credit, auto loans, housing loans, leasing (mobiliário and imobiliário), and business credit facilities
2. Commission and Fee Income: Fees from account management, transfers, ATM withdrawals, card issuance, foreign exchange transactions, international trade services (documentary credits, remittances, guarantees), and advisory services
3. Credit Card Operations: Revenue from credit card transactions including interest charges (40% annual rate), annual fees, and interchange fees on Classic, Gold, Platinum, and Voyager cards

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels5 records

Core offering

Nedbank Moçambique is a universal bank providing retail and corporate banking services through physical branches, digital channels, and ATM/POS networks. Its product portfolio spans current and savings accounts, credit and debit cards, personal and mortgage loans, leasing, international trade finance, documentary credits, factoring, and financial advisory services for individuals, businesses, and SMEs in Mozambique.

Product overview

Nedbank Moçambique (formerly Banco Único) is a universal bank offering a comprehensive suite of retail and corporate banking products. The product portfolio spans core deposit accounts (Conta Nedbank, Conta Super Salário, Conta Básica), digital banking channels (Nedbank Online, Nedbank Mobile, Nedbank ATM, Nedbank Call Me, Nedbank POS, MYUEY), credit cards (Classic, Gold, Platinum, Voyager co-branded, Gorongosa conservation cards), debit/prepaid cards (Visa Electron, Certo, SIGA fuel card), loan products (personal, auto, mortgage, leasing, public employee), and business services (treasury management, international trade, factoring, financial advisory). The bank operates 19 branches across Mozambique's major economic cities and offers digital-first services including internet banking and mobile applications. The NedEduca financial education program supports consumer literacy. Integration with SIMORede (ATM network) and Visa (payment network) enables nationwide and international transaction processing.

Differentiator

Problem solved

Functional benefit

Brands

• NedEduca: Financial education program developed by Nedbank Moçambique to empower society with essential knowledge about financial management, promoting financial literacy.

Products and services

• Conta Nedbank Standard current account offering full banking services including deposits, withdrawals, transfers, bill payments, and access to digital channels for individual customers.
• Conta Super Salário Salary-domiciliation account for employed individuals earning between MZN 10,000 and MZN 2,000,000 monthly, offering benefits such as overdraft up to 50% of net salary, interest rate bonuses on auto leasing and consumer credit, and fee exemptions on transfers and first card annual fees.
• Conta Básica ou Simplificada Basic banking account with minimal documentation requirements, no minimum balance for opening or maintenance, accessible to clients aged 15+ with emancipation. Maximum balance limited to three minimum wages in the banking sector (61,084.29 MZN as of 2026).
• Nedbank Mensal Savings account with 1-year fixed term and quarterly-reviewed interest rate. Minimum opening deposit of 10,000 MZN.
• Nedbank até 1 Ano Savings account with variable interest rate and term up to 1 year. Minimum opening deposit of 10,000 MZN.
• Cartão Nedbank Classic (Crédito) Visa credit card with 40-day interest-free period, multiple color options, global acceptance, and flexible payment options including partialization from 10% to 90% of outstanding balance.
• Cartão Nedbank Gold (Crédito) Premium Visa credit card with worldwide prestige acceptance and enhanced benefits and services.
• Cartão Nedbank Platinum (Crédito) Most exclusive credit card issued by Nedbank Mozambique with universal prestige and premium benefits.
• Cartão Nedbank Visa Electron International debit card accepted worldwide at Visa-accepting merchants and ATMs, providing convenient access to funds with security features.
• Cartão Certo Prepaid reloadable card for daily transactions with funds loaded in advance, providing spending control and security.
• Cartão SIGA Prepaid fuel card for payment at fuel stations, offering expense control with usage limited to preloaded balances.
• Crédito Pessoal Personal loans for individual financial needs including emergencies, purchases, and lifestyle expenses.
• Crédito Automóvel Vehicle financing for acquisition of new or used automobiles with flexible repayment terms.
• Crédito Habitação Mortgage financing for home purchase or construction with long-term repayment options.
• Crédito Leasing Financial leasing for movable or immovable property with option to purchase at end of lease term.
• Crédito Funcionário Público Specialized credit product for public sector employees with salary-domiciliation requirements and preferential rates.
• Nedbank Online Internet banking platform enabling account access, transfers, payments, and various banking operations from any location at any time.
• Nedbank Mobile Mobile banking application for smartphones enabling account access, payments, transfers, balance inquiries, prepaid card loading, and loan management on the go.
• PayUey Payment reference service allowing businesses to collect real-time invoice payments through Nedbank Online, POS, ATM, or USSD (*124#).
• MYUEY USSD-based payment service (*124#) for customers to pay bills and conduct banking transactions via mobile phone.
• Assessoria Financeira Financial advisory services for businesses including debt restructuring, syndicated loans, project finance, public-private partnerships, capital markets operations, and M&A advisory.
• Factoring Short-term financial product converting accounts receivable to liquidity through invoice assignment, with treasury support and collections management.
• Transferências Internacionais International transfer services for cross-border payments and collections in any currency with swift processing.
• Créditos Documentários Documentary credits for import and export transactions providing payment security through bank commitment upon document presentation.
• Garantias Bancárias Bank guarantees for securing contractual obligations, available as technical (tender bids) or financial (advance payment) guarantees.
• Financiamento à Exportação Export financing solution enabling advance payment based on export documentation, available during production or after shipment phases.

Quantifiable outcome

• Market position: 6th largest bank in Mozambique achieved in 18 months
• +3 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• South African Airways (SAA)coreStrategic or Co-development PartnerVoyager loyalty program partnership for credit cards allowing accumulation of miles on flights and partner purchases. However, the SAA exited Mozambique in 2021 and Voyager Classic and Gold credit cards are being discontinued with no renewals or new issuances.
• Ecobank Transnational Incorporated (ETI)minorStrategic or Co-development PartnerStrategic alliance providing indirect coverage to customers in over 39 countries through Ecobank's pan-African network
• SIMOredecoreTechnology or IntegrationATM network partnership enabling card withdrawals, balance inquiries, and service payments across SIMOrede network
• VisacoreTechnology or IntegrationInternational payment network partnership enabling credit and debit card transactions globally through Visa network
• Banco de MoçambiquecoreOthersCentral bank of Mozambique serving as the regulatory authority for the banking sector, including prudential supervision and national payment systems

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Banco Internacional de Moçambique (BIM): BIM is the largest commercial bank in Mozambique, offering a similar full universal banking suite (retail deposits, corporate banking, trade finance) and competing head-on with Nedbank Moçambique for individuals and corporates across the same cities.
• Absa Moçambique: Absa Moçambique (formerly Barclays) provides retail and corporate banking, card products, and digital services across Mozambique, directly competing with Nedbank for retail, SME, and mid-market corporate customers.
• Moza Banco: Moza Banco is another mid-tier universal bank in Mozambique offering retail deposits, credit, cards, and corporate services — competing head-to-head with Nedbank Moçambique in the same city footprint and overlapping customer segments.
• Banco Comercial e de Investimentos (BCI): BCI is the second-largest bank in Mozambique with a comparable product set spanning personal accounts, mortgages, and corporate banking. It competes with Nedbank Moçambique across retail, SME, and corporate segments nationally.
• Standard Bank Moçambique: Subsidiary of Standard Bank Group (South Africa) operating a universal banking franchise in Mozambique with retail, business, and corporate banking plus digital channels — directly comparable to Nedbank Moçambique in offering breadth and segment coverage.

Regional players

• Ecobank Moçambique: Ecobank is a pan-African commercial bank with a Mozambican franchise; it is also Nedbank's alliance partner, sharing indirect coverage across 39+ countries. Comparable in retail/corporate offerings and large-scale African footprint.

Emerging players

• Letshego: Letshego is a pan-African financial inclusion specialist with consumer lending and deposit products across Southern and West Africa, including Mozambique. It overlaps with Nedbank's salary-backed lending and unsecured credit segments but operates a narrower, more focused proposition.

Others

• Nedbank Group Limited: Nedbank Group is the 87.5% controlling parent and a top-4 South African financial group with a 1.2 trillion ZAR balance sheet. It is the strategic, technological, and capital backer of Nedbank Moçambique — central to the franchise's positioning though not a direct competitor in Mozambique.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nedbankmozambique
• LinkedInlinkedin.com/company/nedbankmozambique

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nedbank Moçambique