Banking

We have a resident team of dedicated professionals, which continuously updates itself with key emerging issues impacting our clients. This team of professionals form part of KPMG’s international banking group, which is a group of KPMG professionals from around the world.

Our global approach to servicing our clients has helped us to become a leading provider of audit and advisory services to a majority of the banking institutions in Mozambique.

Industry Specialization

A key differentiation of KPMG from our competitors is our understanding of the evolving issues facing a developing financial services system, such as the global banking industry. Some of the major issues we see the banking industry as facing currently are:

• The volume of tax, accounting and regulatory changes, including challenges of anti-money laundering
• The changing dynamics of the competitive nature of the market
• Increasing pressure for transparency in financial reporting based on industry best practices
• A more discerning and sophisticated customer base
• The rapid pace of globalization in the industry

Some areas where we can work with you to bring greater value to your business using our experience of working with top organizations across the industry are:

• Improving reporting
• Regulatory compliance
• Risk management
• Anti-money laundering
• Corporate governance
• Capital adequacy and the Basel Accord
• Tax management

Clearly identified advantages
KPMG’s financial services practice has amassed an in depth understanding of the Mozambican banking system that helps us serve your business. Our intimate knowledge of the banking industry combined with our strong client relationships assist us deliver a global client service.

Premier publications
KPMG in Mozambique annual Banking Survey continues to be a premier study of performance across the Banking industry. This survey is supplemented periodically by KPMG's global thought leadership publication, Frontiers in Finance.

KPMG's response
KPMG member firms coordinate services through the three global operating regions of EMA (Europe, Middle East & Africa), Asia Pacific and the Americas. This structure provides clients with a well-established service in most of their markets. It gives them access to professional assistance, characterized by entrepreneurial flair, commitment to national markets, and an understanding of the commercial and cultural differences between each country.

KPMG member firms can advise you on regulatory issues as they unfold, work with you on accounting, reporting, risk management and governance requirements, and help you develop your strategic and performance models. We can help you make decisions that add value to your operations and enable you to compete successfully in a dynamic environment.