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Azerbaijan shares data on mortgage and guaranteed loans issued over February 2021

Finance Materials 2 March 2021 13:34 (UTC +04:00)

BAKU, Azerbaijan, March 2

By Zeyni Jafarov - Trend:

The Azerbaijan Mortgage and Credit Guarantee Fund issued over 32,300 mortgage loans worth over 1.69 billion manat (roughly $1 billion) during February 2021, Trend reports citing the report of the fund.

According to the fund, the total amount of guaranteed loans issued over the past month exceeded 231.2 million manat ($136 million).

As reported, the number of residential premises provided for use has approached 610.

In January 2021, Azerbaijani banks issued mortgage loans in the amount of 16.9 million manat ($9.94 million), which is almost 2.8 times more compared to January 2020.

(1 USD = 1.7 manat on March 2)

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