Credit to the Angolan economy grew again in 2024, although the transformation ratio – even with the adjustment of the public securities portfolio – remains below the standards aspired to by the Government. This view was expressed on Tuesday in Luanda by the Secretary of State for Finance and Treasury.
Ottoniel dos Santos spoke at the opening of the presentation of the study “Banking in Analysis 2025,” an initiative by Deloitte.
In his speech, representing Minister Vera Daves de Sousa, the official said it is essential to maintain efforts to increase financing to the productive sector, especially micro, small, and medium-sized enterprises.
“There are shared responsibilities at this point,” he said.
Ottoniel dos Santos believes that banks should be more proactive in building bridges with the business sector by focusing on product innovation, sharing know-how, and adopting a segmented approach to financing needs.
Regarding companies, the Secretary of State for Finance and Treasury stated that they need to improve their equity ratios, the quality of their financial information, and the robustness of their business plans. “It is a two-way street – and both sides must be moving. At the same time, it is important that technical consultancy, auditing firms, and entrepreneurship support centers be mobilized as allies of bank credit, promoting viable, well-structured, and market-oriented business models,” he affirmed.
Source: Jornal de Angola
