(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 1. Loans in the
amount of 2.28 billion manat ($1.34 billion) were provided through
electronic system of Azerbaijan's Mortgage and Credit Guarantee
Fund (MCGF), Director of the Mortgage Loans Department of MCGF
Rasim Abdullayev said during media training, reports.
According to Abdullayev, totally 90,000 accounts (online
cabinets) have been created, 36,500 active life insurance contracts
and 33,100 property insurance contracts have been registered in the
electronic system to date.
'Entrepreneurial loans through the electronic system were
provided with guaranteed loans in the amount of 320.7 million manat
($188.6 million),' the fund's representative said.
According to the fund, 2,463 housing lease agreements have been
concluded through the electronic system.
The Mortgage and Credit Guarantee Fund was established following
the Presidential Decree in 2017 through the reorganization and
merger of Azerbaijan Mortgage Fund OJSC and Azerbaijan Credit
Guarantee Fund OJSC.
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