Government mortgage lending in 2023 reaches $271M

In 2023, the Mortgage and Credit Guarantee Fund (MCGF) of Azerbaijan allocated 461.7 million manats ($271.59 million) in loans, 9.2% more than in 2022, Report informs, citing the Central Bank of Azerbaijan.

During the reporting period, the amount of loans refinanced by the Fund increased by 20.9% to 492 million manats ($289.41 million).

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