The number of commercial bank branches in Mozambique has shown a decreasing trend since 2016, with a significant decline in the past two years. The number stood at 3.34 establishments per hundred thousand adults in 2023. This number fell by 5.38% from 2022 and the five-year compound annual growth rate (CAGR) was -4.66%, indicating a consistent decline. Forecasts for 2028 suggest a further reduction to 2.63 establishments per hundred thousand adults, with a forecasted five-year CAGR of -3.67% and an overall decline of 17.03% from 2023.
Future trends to watch for include:
- Increasing reliance on digital banking solutions as commercial bank branches continue to decline.
- Potential regulatory changes or economic shifts that could impact the banking industry in Mozambique.
- Investments in financial technology and how they might transform access to banking services.
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