17:39 - 27.12.2021

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December 27, Fineko/abc.az. The Azerbaijan Mortgage & Credit Guarantee Fund has announced the amount of the guaranteed loans given.

ABC.AZ reports that the AMCGF subsidized AZN 21 million for accrued interest on business loans in 2019-2021 at the expense of funds allocated from the State Budget.

As a result of subsidies provided by the state, the average annual interest rate on business loans to borrowers was cut to 6.5%.

"In 2022, the Fund will continue applying a subsidy for accrued interests on manat loans received by entrepreneurs in banks," the AMCGF informs.