Baku 8° C
Amount of government mortgage lending exceeds $121M
Finance
- 23 June, 2023
- 11:52
In January-May 2023, the Mortgage and Credit Guarantee Fund (MCGF) of Azerbaijan allocated 205.8 million manats ($121.05 million) in loans, 8.3% more than in 2022, Report informs, citing the Central Bank of Azerbaijan.
During the reporting period, the amount of loans refinanced by the Fund increased by 18.4% to 160.3 million manats ($94.3 million).
So far in 2023, the amount of funds raised by MCGF by issuing bonds has increased by 11.1% and reached 100 million manats ($58.8 million), while the amount of funds allocated to the Fund from the state budget has decreased by 8% to 43.8 million manats ($25.76 million).
Author
Latest News
01:16
Photo
President Ilham Aliyev participated in panel discussion in Munich - UPDATED
Foreign policy22:01
President Ilham Aliyev met with President of Global Affairs at The Goldman Sachs Group, Inc. in Munich
Foreign policy20:40
European Commissioner: The TRIPP project could be a true game-changer
Foreign policy20:24
Marta Kos: Peace between Armenia and Azerbaijan opens previously impossible opportunities
Foreign policy19:54
Zelenskyy thanks Ilham Aliyev for energy assistance to Ukraine
Foreign policy19:46
Photo
President Ilham Aliyev met with Ukrainian President Volodymyr Zelenskyy in Munich - UPDATED
Foreign policy19:22
Photo
President Ilham Aliyev met with the European Union's High Representative for Foreign Affairs and Security Policy in Munich - UPDATED
Foreign policy18:57
President: The fact that TRIPP bears President Trump's name means this corridor will be important for this administration
Foreign policy18:12
Photo