Non-bank credit organisations’ gross loan book reached AZN 1.38 billion and nine-month net profit AZN 153.4 million. Accumulated provisions rose 65% from end-2025.
Growth beyond the banks
The CBA non-bank credit organisation balance sheet at 30 September puts assets at AZN 1.56 billion, up from AZN 1.24 billion at end-2025. Gross customer loans increased from AZN 1.045 billion to AZN 1.376 billion, around 31.7%. The series excludes Aqrarkredit.
Capital rose from AZN 564.3 million to AZN 705.9 million and liabilities from AZN 679.3 million to AZN 852.8 million. The sector expanded using both its own capital and external funding.
Provisions outpaced the loan book
Loan impairment provisions increased from AZN 122 million to AZN 201.7 million, about 65.3%. Their ratio to gross loans rose from 11.7% to 14.7%. This is not an NPL ratio: provisions reflect loss estimates and accounting requirements, not only overdue debt.
Net lending after provisions stood at AZN 1.175 billion. Bank loans supplied AZN 276.6 million of AZN 340.9 million in borrowed funds. Banks remain an important funding source, but do not account for all sector liabilities.
| Balance sheet measure, AZN million | December 2025 | September 2026 |
|---|---|---|
| Assets | 1,243.6 | 1,558.7 |
| Gross loans | 1,045.1 | 1,376.2 |
| Provisions | 122.0 | 201.7 |
| Capital | 564.3 | 705.9 |
| Bank loans to non-bank lenders | 224.6 | 276.6 |
Several income streams supported profit
The nine-month income statement shows net profit rising from AZN 60.29 million a year earlier to AZN 153.4 million. Interest income reached AZN 234.7 million and non-interest income AZN 303.5 million; provisioning expense was AZN 135.3 million.
Profit was roughly 2.5 times the prior-year figure. Its durability depends on the composition of non-interest income and future losses. Strong current earnings coexist with faster provisioning growth, so profitability and risk need to be assessed together.
