Mortgage Fund’s net profit sharply increased - Report for 2021

15:14 - 13.05.2022


May 13, Fineko/abc.az. The Azerbaijan Mortgage & Credit Guarantee Fund announced the financial indicators for 2021.

ABC.AZ reports that the AMCGF completed 2021 with profit of AZN 14.046 million (net profit for 2020 - AZN 7.228 million). Thus, AMCGF’s net profit for 2021 almost doubled against 2020. At that, Fund’s interest income increased from AZN 41.486 million in 2020 up to AZN 56.25 million in 2021.

As of 31 December 2021, the portfolio of AMCGF’s mortgage loans totaled AZN 1.4 bn. For comparison, at the end of 2020, Fund's mortgage loan portfolio amounted to AZN 1.138 bn.