Mortgage Fund earns over AZN 11 million in first six months

14:32 - 15.12.2023


December 15, Fineko/abc.az. The Azerbaijan Mortgage & Credit Guarantee Fund made net profit of AZN 11.58 million in the 1st half of 2023.

ABC.AZ informs that the figures were indicated in AMCGF semi-annual audit report. The report says that the Fund achieved annual growth of AZN 6.62 million, or 21%, having received income in the amount of AZN 37.82 million from interests. After AMCGF interest expenses in the amount of AZN 20.8 million, its net interest income reached AZN 17.01 million. The net interest for Jan-Jun 2022 amounted to AZN 16.67 million. Fund's assets as of July 1, 2023 totaled AZN 2.542 bn.

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