BAKU, Azerbaijan, June 6
By Eldar Janashvili – Trend:
Azerbaijan’s Mortgage and Credit Guarantee Fund issued 28,961 mortgage loans from January through May 2020, Trend reports citing the fund’s report.
In the reporting period, the amount of issued mortgage loans made up about 1.4 billion manat ($0.8 billion), increasing by 116.2 million manat ($68.3 million) or by 8.6 percent over the year.
Since the beginning of 2020, the amount of loans issued for subsidies, as well as guarantees have increased by 28.75 percent and reached 86.4 million ($50.8 million).
The total amount of outstanding bonds of the fund stood at 775.6 million manat ($456.2 million), demonstrating a growth of 68 million manat ($40 million) or 9.6 percent over the year.
(1 USD = 1.7 manat on June 6)
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