Azerbaijan’s Mortgage, Credit Guarantee Fund granted over $26.5M in loans in 2 months

In January- February 2025, the Mortgage and Credit Guarantee Fund (MCGF) of Azerbaijan provided 45.5 million manats (over $26.7 million) in loans, 12.8% less year-on-year, Report informs, citing the Central Bank of Azerbaijan.

During this period, the value of loans refinanced by the MCGF dropped by 0.2% to 47.8 million manats (over $28.1 million).

The amount of money raised by MCGF during the year by issuing bonds amounted to 200 million manats (over $117.6 million), representing an increase of 4 times year-on-year.

Meanwhile, 21.3 million manats ($12.5 million) were allocated to the fund from the state budget, a 2.7% decrease.