Politics
Government mortgage lending declines by 20% in Azerbaijan
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Mortgage lending through Mortgage and Credit Guarantee Fund (MCGF) amounted to AZN 74.6 million in January-May 2020, which is 20.5% less than the same period of 2019, Report informs citing the Central Bank of Azerbaijan.
In the reporting period, the loans refinanced by the MCGF slid by 9.6-fold to AZN 12.6 million.
The amount of funds attracted through the issue of securities went by 87.5% to AZN 75 million.
The funds allocated from the state budget to the MCGF soared 89% to AZN 75.6 million.