Determinantes da rendibilidade dos bancos comerciais em Moçambique no período de 2004 a 2006

Abstract

This work seeks to identify and explain the Determinants of Profitability of Commercial Banks in Mozambique, based on a vertical and horizontal analysis of the Financial Statements of the four largest banks operating in the Mozambican financial market, between 2004 and 2006, namely Millennium BIM, BCI- Fomento, Standard Bank and Barclays Bank (formerly Banco Austral). To draw conclusions about the main variables that affect the profitability of Commercial Banks in Mozambique in the period under analysis, the main techniques for evaluating the profitability of banks were used, which include the systematization of the Income Statement and calculation of profit margins and their components, as well as the analysis of the main ratios applicable to Commercial Banks. In a period still marked by banking concentration, without much competitiveness, where among the 10 commercial banks operating in the Mozambican financial market, only four of them jointly hold a market share above 80%, the results show that: 1) The formation of Commercial Banks' profit through income from Net Interest on Credit determined the profitability of banks in the period under review, which reveals that in the Mozambican banking system the traditional banking activity of capturing deposits and granting of deposits still predominates. credit. The profitability of the Commercial Banks under analysis was predominantly influenced by the growth in Net Interest on Credit, as a consequence of the increase in interest rates in 2006, the expansion of the credit portfolio and the fact that the credit granted had a higher return in relation to to other interest-earning assets. 2) The Commercial Banks under analysis present high levels of profitability, measured by the values ​​reached by the main profitability indicators: Return on Assets (ROA) and Return on Equity (ROE), which are mostly above the international benchmarks , /with the exception of Barclays Bank, which presents higher profitability levels, mainly due to the weak growth in income and the high \ growth in operating costs.(TRADUÇÃO NOSSA)