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Mongolia|finance|November 3, 2021 / 11:57 AM
Mortgage loans issued in Mongolia for $276.2 million

AKIPRESS.COM - The mortgage loans worth MNT 787.2 billion were disbursed to 10,500 borrowers through the central bank in Mongolia in the first 9 months of 2021, Montsame reports.

This is an average of MNT 87.9 billion in loans issued per month in 2021, according to the Bank of Mongolia today.

In October and November of this year, the Bank of Mongolia will provide financing of MNT 40 billion to commercial banks for mortgage loans, while banks will disburse loans worth MNT 26.7 billion from their own resources.

The Bank of Mongolia stated that the preparation is underway to fully transfer the mortgage loan program to the Government by 2023 and informed that the bank will ensure the continuity of the program until then.

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