Annual Report 2007

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0 A n n u a l R e p o r t 2 0 0 7 Customer Deposits Volume (in USD million) 16 14 12 10 8 6 4 2 0 Term Savings Sight Total number Number (in ’000) Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec 03 04 05 06 07* * As of 2007, the basis for calculating the number of deposits was changed 120 105 90 75 60 45 30 15 0
Other Banking Services Banco ProCredit was very successful in expanding its deposit base in 2007. The total deposit portfolio grew by 96% from USD 8 million in 2006 to USD 15.8 million. The number of deposits grew by more than 13% to 73,000. Term deposit accounts made up 55% of the total volume of deposits, current accounts were 43%, and savings accounts were only 2%. This very strong growth resulted from a repositioning of Banco ProCredit as a fully-fledged bank with a focus on low and middle-income customers. This repositioning was supported by our name change and the introduction of debit cards, international money transfers and services offered in the four major currencies in the local economy, namely MZM, ZAR, USD and EUR. The bank began issuing debit cards in March 2007. As of year-end, it had 9,000 active cardholders and operated 12 ATMs distributed throughout the branch network. Apart from making cash withdrawals, clients can use their debit cards to check their balances and pay for goods and services from merchants with POS terminals. In addition, the bank obtained a licence to issue VISA cards, and this service is expected to be made available to clients in 2008. In October 2007, the bank started to offer international money transfer facilities via SWIFT. The Domestic Money Transfers Volume (in USD ’000) 1,500 1,350 1,200 1,050 900 750 600 450 300 150 0 Jul– Jan– Jul– Jan– Jul– Dec Jun Dec Jun Dec 05 06 07 Incoming Outgoing Number Number 1,000 900 800 700 600 500 400 300 200 100 0 International Money Transfers* Volume (in USD million) 6 5 4 3 2 1 0 Number (in ’000) Jan– Jul– Jan– Jul– Jan– Jul– Jan– Jul– Jun Dec Jun Dec Jun Dec Jun Dec 04 05 06 07 Incoming Outgoing Number M a n a g e m e n t B u s i n e s s R e v i e w 21 service was introduced with competitive pricing and an emphasis on rapid processing. The bank also has its own international payment system, ProPay, which clients can use to transfer money to ProCredit institutions in Eastern Europe at very competitive prices. The bank plans to extend this service to include the African and Latin American ProCredit banks. The bank places strong emphasis on encouraging clients to save for the future as a central component of its developmental approach. Savings accounts are not widely used in Mozambique, and most ordinary people still save outside of the formal financial system. In 2007, Banco ProCredit organised campaigns and events to explain the benefits of savings to the public. During the coming year we will continue to expand our range of retail banking services and will strive to make our products even more attractive. * This graph includes both incoming and outgoing international transfers up until the end of 2006; until then, both had been provided via Western Union. 12 10 8 6 4 2 0
Page 1 and 2: Annual Report 2007
Page 3 and 4: Mission Statement 4 Letter from the
Page 5 and 6: Letter from the Board of Directors
Page 7 and 8: ProCredit Holding has an investment
Page 9 and 10: the group as a whole, expressed in
Page 11 and 12: ProCredit in Africa ProCredit is pr
Page 13 and 14: Name ProCredit Bank Democratic Repu
Page 15 and 16: anches during 2007, one in Xai-Xai,
Page 17 and 18: Political and Economic Environment
Page 19: other branches in southern Mozambiq
Page 23 and 24: M a n a g e m e n t B u s i n e s s
Page 25 and 26: Manjacaze; the one in Matola, servi
Page 27 and 28: ing from Banco ProCredit’s activi
Page 29 and 30: a reliable and sustainable institut
Page 31 and 32: of instruction covering a total of
Page 33 and 34: Business Ethics and Environmental S
Page 35 and 36: Aníbal Hilário Wate, Potter Aníb
Page 37 and 38: Maria Simão had always wanted to h
Page 39 and 40: F i n a n c i a l S tat e m e n t s
Page 41 and 42: Income Statement For the years ende
Page 43 and 44: 4. Loans and advances to customers
Page 45 and 46: The state creditor balance includes
Page 47: Contact Addresses Head Office Av. Z

Annual Report 2007

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