Browsing: Fundo de Garantia de Depósitos (FGD)

Business Nosso Banco was placed into liquidation in November 2016.

A commercial bank majority-owned by Mozambique’s public social security fund is to be liquidated by the Bank of Mozambique, with individual depositors set to lose any deposits over 20,000 meticais and business accounts to be left with no apparent recourse. [...]

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