Mortgage & Credit Guarantee Fund has reported about its credit loss


May 7, Fineko/abc.az. The Azerbaijan Mortgage & Credit Guarantee Fund has published a report on the financial performance in 2020.

ABC.AZ reports that the expected credit loss of the organization for the past year totaled AZN 4.77 million (12.7-fold more versus 2019).

Revenues from fees and commissions amounted to AZN 865,000 (2.4-fold more against 2019). AMCGF’s expenditures on fees and commissions reached AZN 1.168 million (2.8% more versus 2019).