On September 15, 2026, RECREDIT – Gestão de Activos, S.A. and Banco de Desenvolvimento de Angola (BDA) signed a contract for RECREDIT to acquire a portfolio of non-performing credits from BDA. The portfolio comprises 434 debtor entities with a total accounting exposure of approximately 266.3 billion kwanzas. The signing ceremony was attended by Angola's Minister of State for Economic Coordination, José de Lima Massano, and the Boards of Directors of both institutions.
The BDA was represented by its Executive Board President, João Salvador Quintas, while RECREDIT was represented by its Board of Directors President, Mirian Estrela Mendes Custódio Ferreira. According to the institutions, this operation aligns with BDA's strategy to optimize its assets and reduce exposure to non-performing credits. For RECREDIT, the acquisition is part of its institutional mandate to recover credits, valorize assets, and contribute to the national financial system's dynamization.
The operation was preceded by an independent evaluation of the portfolio conducted by PricewaterhouseCoopers (Angola), Limitada (PwC). The analysis included technical, financial, and legal components, as well as an assessment of the credits' recovery prospects, allowing for the identification of the portfolio's economic potential and associated risks. This evaluation was crucial in determining the portfolio's value and the feasibility of the acquisition.
The signing of the contract marks a new stage of cooperation between RECREDIT and BDA, focusing on the management of non-performing assets and credit recovery. According to RECREDIT and BDA, the operation aims to contribute to a more efficient use of financial resources and to strengthen the national financial system. This acquisition is expected to have a positive impact on the financial sector.
RECREDIT's acquisition of BDA's non-performing credit portfolio is seen as a strategic move to enhance the management of distressed assets in Angola. By taking over the portfolio, RECREDIT aims to recover credits and valorize assets, aligning with its institutional objectives. The company's efforts to revitalize the financial system are expected to yield positive outcomes.
The acquired portfolio consists of credits from 434 debtor entities, which will be managed by RECREDIT to maximize recovery. The company's expertise in credit recovery and asset valuation will be instrumental in realizing the portfolio's economic potential. By acquiring this portfolio, RECREDIT is poised to make a significant impact on Angola's financial landscape.
The partnership between RECREDIT and BDA is expected to foster a more efficient financial system in Angola. By working together, the institutions aim to optimize asset management and credit recovery, ultimately contributing to the country's economic growth. The acquisition of BDA's non-performing credit portfolio marks a significant milestone in RECREDIT's efforts to strengthen the national financial system.
Key points
- RECREDIT acquired a portfolio of non-performing credits from BDA for 266.3 billion kwanzas.
- The acquisition aims to contribute to a more efficient use of financial resources and to strengthen the national financial system.
- The portfolio consists of credits from 434 debtor entities, which will be managed by RECREDIT to maximize recovery.
