FINANCIAL SECTOR BRAZIL MOZAMBIQUE A LONG HISTORY OF ENTREPRENEURSHIP

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1 FINANCIAL SECTOR 2014

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3 FINANCIAL SECTOR BRAZIL MOZAMBIQUE A LONG HISTORY OF ENTREPRENEURSHIP Having recently restructured its portfolio in the financial sector, the Américo Amorim Group is currently focusing on its business in Brazil and Mozambique, through important holdings in Banco Luso-Brasileiro and Banco Único, respectively. In Portugal, it retains its holding in Banco Carregosa. Financial Sector 1

4 EXPERIENCE AND TRADITION IN THE FINANCIAL SECTOR SPI Establishment of Sociedade Portuguesa de Investimentos. BCP Portugal s first private bank is born. BNC Foundation of Banco Nacional de Crédito. BANCO POPULAR ESPAÑOL Stake acquired in Banco Popular Español. BANCO BIC Creation of a new bank from scratch, in Angola. 2 Financial Sector

5 Américo Amorim has a long tradition and vast experience in investment in the financial sector, dating back to In that year he created the Sociedade Portuguesa de Investimentos (Portuguese Investment Society), the first private financial society in Portugal after the 1974 revolution, and helped lay the foundations for the creation of major banks in Portugal, Angola and Mozambique BANCO BIC PORTUGUÊS BANCO CARREGOSA BANCO ÚNICO BANCO LUSO BRASILEIRO Establishment of Banco BIC Português. Transformation from stockbroker into bank. Creation of a new bank from scratch, in Mozambique. Investment in the share capital of BLB, Banco Luso- Brasileiro, domiciled in São Paulo, Brazil. Financial Sector 3

6 BRAZIL, THE 7 TH LARGEST ECONOMY IN THE WORLD Notwithstanding the performance of the Brazilian economy in 2014 falling short of expectations and forecasts, Brazil remains the 7 th largest economy in the world and a country with extremely high growth potential, playing a major role in the evolution of the worldwide GDP. With strong investment in Brazil, in the real estate and financial sector, Américo Amorim Group has an optimistic outlook as regards Musas Monument, sponsored by the Banco Luso Brasileiro. 4 Financial Sector

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8 FOCUS ON SUSTAINED GROWTH BANCO LUSO BRASILEIRO. As a result of an in-depth organisational restructuring process and strategic reorientation, which began in 2012 upon the entrance of Américo Amorim Group and Ruas e Cunha Group into its share capital, Banco Luso Brasileiro repositioned its business identity and developed a new culture and corporate values. This whole process culminated with a capital injection in 2014 of BRL 60 million, subscribed by the new shareholders, resulting in the following shareholder structure: Amorim Aliança 43%, R.C. Participações 43% and Lusopar (Tavares de Almeida Group) 14%. Banco Luso Brasileiro is therefore now focused and positioned to enable sustained growth of its business activities and its profits, based on the strong potential of the segments of the economy it operates in. BANK INDICATORS Thousands of reais Credit portfolio 221, , , ,024 Customer deposits 332, , , ,090 Shareholders' equity Net profit Net profit before tax provision (*) Total assets Staff Number of branches (*) In 2013 the bank received Payment Notification of a tax debt. It is a regulatory fine with regard to Tax on Industrialised Products (IPI), for the period of February to August 2000, in relation to a company that kept a current account in the Institution. The management decided to present embargos to the fiscal enforceability and formed a provision to safeguard the bank from any risks. 6 Financial Sector

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10 MOZAMBIQUE CONTINUOUS AND SHARP GROWTH THROUGHOUT THE LAST TWO DECADES Despite the adverse international climate, Mozambique ended 2014 with a 7.5% growth rate, which is in line with the annual average growth over the last two decades, and which is clearly above the average growth of the Sub-Saharan countries. The last decade has been marked, from the economic point of view, by the discovery and start of exploitation of large coal reserves in Tete and natural gas in Cabo Delgado, which shall make Mozambique one of the world's major coal and natural gas producers in the coming years. According to the World Bank, the performance of the Mozambican economy in 2014 was supported by the contribution of agriculture and the manufacturing industries. GDP DEVELOPMENT (Nominal) > USD million 15,630 15,000 14,000 13,000 12,000 13, , ,000 10,000 9, ,000 8,000 7,000 6,000 5, GDP GROWTH (annual %) Mozambique Sub-Saharan Africa (E) 8 Financial Sector Source: World Bank

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12 BANCO ÚNICO ONE OF THE FIVE MOST INNOVATIVE BANKS IN AFRICA IN 2014 Banco Único was elected one of the five most innovative banks in Africa in 2014 by the prestigious African Banker magazine. Banco Único currently occupies sixth place in terms of customer assets, deposits and resources. BANCO ÚNICO IN 2014 > Share capital: 1.99 billion meticais (USD 60 million). > Total Assets: billion meticais (USD 374 million). > 18 commercial spaces (Maputo, Matola, Beira, Tete, Nampula, Nacala, Pemba). > 4.05% of the deposits market share. > 3.92% of the loans market share. > 390 employees 10 Financial Sector

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14 TANZANIA A GROWTH STRATEGY BANCO ÚNICO ZÂMBIA MALAWI MOZAMBIQUE Pemba Nacala Gevisar, in which Américo Amorim Group Nampula has a majority holding, and which is also Tete part of Visabeira, owned 72.8% of Banco Único at the start of the year. In compliance with an ambitious growth strategy, in 2014 Gevisar completed the sale of 50% of ZIMBABWE INDIAN OCEAN its holding in Banco Único to Nedbank, one of South Africa's largest banks. In December 2014 t Banco Único increased its capital by MZM 300 million, with the Gevisar shareholding increasing to 36.6% Beira BANCO ÚNICO BRANCHES IN MOZAMBIQUE (the same as Nedbank holding). SOUTH AFRICA Johannesburg Matola Maputo Existing Units SWAZILAND In 2014 the Banco Único had 17 commercial spaces located in Maputo, Tete, Beira, Matola, Nampula, Nacala and Pemba. In March 2015 the 1 st Business Centre in Maputo was inaugurated. The inauguration of 6 branches and 2 more business centres is scheduled for Financial Sector

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16 Rua da Corticeira, nº 34 Apartado Mozelos VFR Portugal Tel.: Fax: Publisher: Amorim Holding II, SGPS, S.A. Financial Sector st Edition: april 2015, Porto 150 copies Printing: Lidergraf Legal Deposit: /15