The archipelago's banking awakening. The Central Bank of the Comoros (BCC) published its 2025 Annual Report on August 28, 2026, and the figures point to genuine consolidation of the Comorian banking system — even as structural vulnerabilities remain.
A Clearly Growing Balance Sheet
The consolidated balance sheet of the Comorian banking system reached 262.3 billion Comorian francs at end-December 2025, up from 229.4 billion the prior year. This 14% growth reflects higher loan volumes and stronger deposit mobilisation.
Gross customer loans climbed to 128.3 billion FC. More significant: the non-performing loan (NPL) ratio fell from 14% in 2024 to 9% in 2025 — its lowest level in several years. The BCC notes, however, that part of this improvement stems from one-off portfolio clean-ups rather than a fundamental improvement in borrower solvency.
Banque Postale des Comores, a New Entrant
The sector's architecture is shifting: the country now has four commercial banks plus several microfinance networks. Banque Postale des Comores obtained its banking licence in January 2025, following the restructuring of the former SNPSF — a new player broadening financial access for lower-income households.
The BCC has also modernised its prudential rules to align with Basel III standards and strengthened credit registries to better track client solvency.
SOGAK: A Lever for Financial Inclusion
Launched in May 2025, the Société de Garantie des Comores (SOGAK) mobilised 206 million Comorian francs within months, processing approximately 94 loan files — primarily for formal enterprises. This guarantee mechanism aims to unlock bank financing for micro and small businesses, often excluded from formal credit for lack of collateral.
Why It Matters
The Comoros has a small banking sector in a country where formal financing remains scarce. The improvement in NPLs and the launch of SOGAK are positive signals, but the real challenge lies in financial inclusion: with a still-low bancarisation rate, much of the Comorian economy still operates outside the formal banking circuit. This annual report is a thermometer to watch closely.
Sources: Capmad (September 7, 2026), BCC Annual Report 2025