Diogo said the consortium's decision to open the bank meant hat it trusted Mozambique's current business environment. The chairman of the BDC board, Hermenegildo Gamito, is one f the most experienced Mozambican business figures. On Friday the BDC simultaneously opened two branches in aputo. It envisages, by the end of 2001, to have five branches n the capital. Within the next three years, the bank management intends to ave a total of 15 branches, covering all provincial capitals.
Services provided by the bank include mortgages, and onstruction and agricultural credits.