Issues & settles credit cards.
Max IT ended 2025 with strong growth in revenue, credit balances and capital, but net profit that was carried almost entirely by acquiring. The test has shifted to whether non-bank issuing can turn growth into profit without thinning the reserve cushion and without constant depe…
Max IT entered 2026 with a larger credit book and a lower charge-off rate, but also with a thinner reserve cushion and an issuing segment that is barely profitable. That creates a growing gap between balance-sheet growth and the economics supporting it.
The January 2026 extension of two credit facilities bought Max IT certainty on a large part of its bank base, but the more important change is the construction of a wider funding map and a more flexible capital layer. The company enters 2026 with more term debt, more Tier 2 capi…
