BAKU, Azerbaijan, January 29. Assets of the
non-bank credit organization (NBCO) sector in Azerbaijan rose by
25% to 1.24 billion manat ($73 million) in 2025, Fuad Isayev,
Director General of the Central Bank of Azerbaijan (CBA), said
today at the Microfinance Forum in Baku, Trend reports.
“A total of 54 NBCOs and 34 credit unions are currently
operating in the market, with the private sector represented in all
but 1 institution. In 2025, assets in the NBCO sector grew by 25%
to reach 1.24 billion manat ($73 million). During the same period,
the NBCO loan portfolio expanded by 29%, surpassing 1 billion manat
($59 million). The capital of NBCOs rose by 26.2% last year and
exceeded 3 million manat ($1.76 billion). Overall, the capital of
NBCOs accounts for 24.5% of total assets,” he said.
He also noted that over the past three years, NBCIs have issued
86 million manat ($50.5 million) worth of bonds. Compared with
2023, bond issuance in 2025 recorded a 4-fold increase, signaling
growing investor interest and improved access to capital markets
for the sector.
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