(MENAFN – Development Information Company) (BA)KU, Azerbaijan, Nov. 30
By Zeyni Jafarov – Development:
The overall belongings of the Mortgage and Credit score Assure Fund of Azerbaijan, because the time of its creation, amounted to 1.eight billion manat ($1.05 billion), and capital – 822 million manat ($483.5 million), Rahman Hummatov, Deputy Chairman of the fund’s Board, mentioned, http://development.az/ Development stories.
Hummatov made the comment at an internet convention of the Mortgage and Credit score Assure Fund of Azerbaijan associated to mechanisms for rental housing.
The deputy chairman famous that the fund hasn’t recorded a loss for the whole interval of its existence, including that 95 % within the company securities market accounts for the fund’s bonds.
‘Digital system operates beneath the fund. The event of the system was began in 2011, and the start of receiving purposes from residents for acquiring rental housing fell on the start of March 2020. In the mean time, over 90,000 energetic “cupboards” have been registered on the web site of the Mortgage and Credit score Assure Fund of Azerbaijan,’ he mentioned.
‘If on the preliminary stage of making the fund we have been finding out the expertise of neighboring nations, then at this time we see that a lot of CIS nations, particularly Kazakhstan and Kyrgyzstan, are keen on a few of our requirements,’ Hummatov added.
In October 2020, Azerbaijani banks issued mortgage loans worth 27.1 million manat ($15.9 million), which is sort of three instances greater than in the identical month of 2019.
(1 USD = 1.7 manat on Nov. 30)
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