According to the 2024 operating results report, Recredit – Gestão de Activos S.A., a public business sector company created to recover bad debt in national banking, had a positive net result of 48.52 billion kwanzas.
The net result obtained in the 2024 financial year reflects management based on “efficiency, rigor and institutional commitment”, says the institution's press release.
Recredit invested 288.87 billion kwanzas in the acquisition of bad credit portfolios in 2024. Of this amount, 108.35 billion kwanzas “have already been recovered by the end of 2024, which represents 38 percent of the total invested at the beginning of the operation”.
According to the report, balance sheet indicators also show positive developments, with total assets reaching 283.83 billion kwanzas, an increase of 2 percent compared to 2023.
Recredit's liabilities recorded a reduction of 5 percent, reaching 1.87 billion kwanzas, as the public entity says, highlighting that its financial structure “remains solid” with immediate liquidity (12 percent), financial autonomy (99 percent) and profitability of equity (17 percent).
Walter Barros, chairman of Recredit's Board of Directors, quoted in the statement, said that the results cited demonstrate the “positive impact of a strategic performance, focused on the efficient recovery of assets and the creation of value for the State”.
“We will remain committed to transparency, sustainability and strengthening the national financial system,” the official said.
