Net profit of M Bulak lowered almost by 40%

12:02 - 16.04.2026


April 16, Fineko/abc.az. Non-bank credit organization M Bulak LLC completed 2025 with net profit of 3.416 million manats (39.8% less than in 2024).

ABC.AZ reports, referring to NBCO's financial statements, that pre-tax profit reached 4.39 million manats (a drop of 37.7% in annual terms) and income tax expenses - 975,000 manats (a drop of 29%).

As of January 1, 2026, M Bulak's assets reached 58.661 million manats (a rise of 68%). Of them, 54.684 million manats accounted for loans to customers. In 2025, organization's loan portfolio grew by 62.4%.

NBCO's liabilities increased 4.5-fold up to 26.133 million manats and the balance sheet capital by 11.7% up to 32.528 million manats.