Government mortgage lending grows 7% in Azerbaijan

In January-March 2019, AZN 52.7 million in mortgage lending was allocated through Mortgage and Credit Guarantee Fund (MCGF), up 6.9% from the previous year, Report informs referring to the Central Bank of Azerbaijan (CBA).

In the reporting period, amount of loans refinanced by the MCGF rose by 35.6% to AZN 70.9 million.

The Fund issued AZN 20 million-bond, down 42.9% in comparison to a year earlier.

No funds have been allocated from the state budget to the MCGF this year.