12:39 - 1.11.2018

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November 1, Fineko/abc.az. As of 1 October, assets of the Azerbaijan Mortgage & Credit Guarantee Fund amounted to AZN 1.15 bn that is by 20.4% more versus early 2018.
According to Fund’s report, the mortgage loans for the reporting period amounted to AZN 810.257 million or 70.2% of all assets of the Fund. 

"Over Jan-Sept of the year Fund’s loan portfolio increased by 18.5%. Fund's liabilities for the reporting period grew by 9.5% up to AZN 597.06 million, total capital by 28.55% up to AZN 531.1 million, authorized capital as a result of the merger of the Azerbaijan Mortgage Fund and the Credit Guarantee Fund increased by 27.3% (AZN 100 million) up to AZN 466 million," the Fund reported.

For Jan-Sept Fund's interest income amounted to AZN 34.9 million and interest expenses AZN 12.737 million. The Fund completed the past 3 quarters with profit of AZN 17.9 million.