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Montepio acquires bank in Mozambique

Montepio acquires bank in Mozambique

​​Portuguese ESBG Member Montepio has acquired 44.5 per cent of Banco Terra, a Mozambican financial institution. Banco Terra was founded in 2008 with the goal of being one of the leading institutions for funding in the areas of food and agriculture and to provide financial services to rural and suburban populations.

Financial inclusion