Azerbaijan’s Mortgage and Credit Guarantee Fund issued 370.7 million manats in mortgage loans between January and September, up 4.6% year-on-year, the Central Bank of Azerbaijan reported.
According to the Central Bank of Azerbaijan (CBA), the Mortgage and Credit Guarantee Fund (MCGF) issued mortgage loans worth 370.7 million manats over the nine-month period. At the same time, the volume of loans refinanced by the fund fell 5.6% to 289.3 million manats.
Funds raised by the MCGF through bond issuance dropped 27.3% to 400 million manats during the reporting period. Meanwhile, the amount allocated to the fund from the state budget rose 33.4% to 63.9 million manats.
