Nas Project reports over 10% drop on net profit

15:39 - 4.05.2026


May 4, Fineko/abc.az. Non-bank credit organization Nas Project completed 2025 with net profit of 525,000 manats.

ABC.AZ reports, referring to NBCO’s financial statements, that the indicator is 10.9% less than in 2024.

Last year, Nas Project's pre-tax profit reached 678,000 manats (a drop of 7.9% versus the previous year) and income tax payments totaled 154,000 manats (a rise of 4.8%).

As of January 1, 2026, Nas Project’s assets amounted to 8.319 million manats (61.3% more year-on-year). Of them, 7.379 million manats accounted for loans given to customers. In 2025, NBCO's loan portfolio grew by 45.5%.

Nas Project's liabilities increased by 97.5% up to 6.513 million manats, while the balance sheet capital declined by 2.8% to 1.807 million manats.

Nas Project was created in 2020. Its authorized capital is 1.3 million manats. The sole shareholder of the NBCO is Muhammad Guliyev (100%).