Government mortgage lending declines by 35% in Azerbaijan

Kanan Sadigov
Post's author

Mortgage lending through Mortgage and Credit Guarantee Fund (MCGF) amounted to AZN 158,600,000 in January-November 2019, which is 34.5% less than the same period of 2018, Report informs citing the Central Bank of Azerbaijan.

In the reporting period, the amount of loans refinanced by the MCGF slid by 2.8% to AZN 215.2 million.

Amount of funds attracted through securities issue dropped by 25% to AZN 150 million.

Funds allocated from the state budget to the MCGF slipped by 20% to AZN 80 million.

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