Government mortgage lending rises 42% in Azerbaijan
Finance
- 21 December, 2021
- 11:21
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Mortgage lending through Mortgage and Credit Guarantee Fund (MCGF) amounted to 325.5 million manats in January-November 2021, 42.3% higher than the same period in 2020, Report informs, citing the Central Bank of Azerbaijan.
In the reporting period, the loans refinanced by the MCGF showed a 2.9-fold increase to 378.8 million manats.
The funds attracted through the issue of securities soared 11.1% to 200 million manats.
The funds allocated from the state budget to the MCGF dropped 2.3-fold to 71.1 million manats.
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