Mortgage lending on state line increased by 56%


October 22, Fineko/abc.az. Over Jan-Sept of this year the mortgage loans in the amount of AZN 282.4 million were given through the Azerbaijan Mortgage & Credit Guarantee Fund (56.45% more against Jan-Sept 2020), ABC.AZ reports with reference to the Central Bank.

For the reporting period the amount of loans refinanced by the AMCGF increased almost by 3.8 times and reached AZN 281.5 million.

In addition, for the past part of the year the funds raised by the AMCGF by issuing bonds increased by 3.2% up to AZN 160 million, and the funds allocated from the State Budget to the Fund decreased by 4 times to AZN 35.6 million.