Banks wait for easing of credit policy

11:05 - 29.03.2023


March 29, Fineko/ There was a softening of the conditions on loans given at the expense of the Azerbaijan Mortgage & Credit Guarantee Fund.

ABC.AZ reports that this is stated in Central Bank's report on lending to the banking sector for Q4 of 2022.

The report notes that the demand for mortgage loans increased in the last quarter of 2022.

This suggests that banks expect high demand for loans given at the expense of the AMCGF funds in the 1st quarter of 2023, and easing of credit policy.