Government mortgage lending up 2% in Azerbaijan

Mortgage lending through the Mortgage and Credit Guarantee Fund (MCGF) amounted to 235.3 million manats ($138.4 million) in January-June 2022, 2.1% higher than the same period in 2021, Report informs, citing the Central Bank of Azerbaijan.

In the reporting period, the loans refinanced by the MCGF showed a 6.2% increase and settled at 193.6 million manats ($113.88 million).

The funds attracted through the issue of securities stood at 130 million manats ($76.47 million), up 23.8% from the previous year.

The funds allocated from the state budget to the MCGF doubled to 71.4 million manats ($42 million).