The volume of non-performing loans (NPLs) remains a challenge for Angola’s banking system, stated Valter Barros, Chairman of the Board of Directors of Recredit, during the 1st International Conference on Corporate Recovery and Insolvency.
He emphasized that this issue continues to impact liquidity, limiting the ability to grant new loans, and more broadly, it threatens the economic stability of the country.
According to recent official data, said the Recredit chairman in his welcome message to guests and participants, non-performing loans are still weighing down the balance sheets of national banks, thereby restricting their role as catalysts of economic growth.
“In this context, the role of specialized entities in asset recovery is necessary, strategic, and urgent,” said Valter Barros during the conference organized by the company he leads.
Given this, Barros believes it is essential to foster debate around innovative solutions, exchange experiences with other jurisdictions, and strengthen the legal and institutional frameworks that support corporate recovery — all while maintaining a focus on responsible management.
Speaking on Recredit’s role in this area, he stated that the institution has played a key role in strengthening the national financial ecosystem, acting as a driving force behind credit recovery in Angola.
For Finance Minister Vera Daves de Sousa, who briefly addressed the event via online connection, insolvency should not be seen as failure, but rather as a new beginning — a courageous act of facing challenges, acknowledging mistakes, adjusting strategies, and persisting.
“Behind every recovery process lies a story — the opportunity to save jobs, preserve value chains, recover credit, and, often, restore the dignity of those who have undertaken ventures honestly,” said Vera Daves de Sousa.
The Finance Minister is also convinced that the success of the new Legal Framework for Business Recovery and Insolvency (already in force) will depend on the ability to make it work effectively.
Source: E&M
