BAKU, Azerbaijan, June 17
By Ilkin Seyfaddini - Trend:
Commercial banks of Uzbekistan allocated 23,438 mortgage loans to individuals in the amount of more than 3.5 trillion soum ($344.2 million) in the period from January through May 2020, Trend reports with reference to the Central Bank of Uzbekistan.
Compared to the corresponding period of 2019, this indicator increased by 1.5 trillion soum ($147.5 million).
The share of loans allocated on concessional basis (within the refinancing rate) made up 57.6 percent (over two trillion soum - $196.7 million), and the share of loans allocated at market rates made up 42.4 percent (1.5 trillion soum - $147.5 million).
For the first five months of 2020, mortgage loans in the amount of 159.6 billion soum ($15.6 million) were allocated to 828 individuals according to a new procedure.
Some 92.1 billion soum (over $9 million, 57.7 percent) of this amount were provided for purchase of two-room apartments, 67.5 billion soum ($6.6 million, 42.3 percent) - for purchase of three or more room apartments. The largest volumes of the mortgage loans - 24.3 billion soum ($2.3 million, 15.2 percent) was allocated to Fergana region, 23 billion soum ($2.2 million, 14.4 percent) to Navoi region, 21.6 billion soum ($2.1 million, 13.5 percent) to Tashkent city, 21 billion soum (over $2 million, 13.1 percent) to Surkhandarya region.
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