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Government mortgage lending declines by 36% in Azerbaijan
Finance
- 30 January, 2020
- 11:58
Mortgage lending through Mortgage and Credit Guarantee Fund (MCGF) amounted to AZN 173,300,000 in 2019, which is 36.4% 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 9.8% to AZN 220.4 million.
The amount of funds attracted through the issue of securities 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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