According to the Bank of Mongolia, MNT 210 billion mortgage loans have been granted to approximately 3000 people under the mortgage lending program implemented by the Government of Mongolia.
Of the total 1294 loans funded by the Bank of Mongolia, while banks provided MNT 60 billion of 761 loans from the Bank’s own sources. In addition, the Government of Mongolia has approved the "Regulation on Discounted Housing Loan" on 5th of December 2018. Within this framework, MNT 55 billion of total 882 loans were allocated to commercial banks during the first half of 2019.
Under the mortgage lending program implemented by the Government of Mongolia, 18 SPC’s amounted a total portfolio of MNT 3.6 trillion has issued by “Mongolian Mortgage Corporation HFC”. And the Bank of Mongolia has increasing the fund of the mortgage lending program.
Source: Bank of Mongolia
According to the Bank of Mongolia, MNT 210 billion mortgage loans have been granted to approximately 3000 people under the mortgage lending program implemented by the Government of Mongolia.
Of the total 1294 loans funded by the Bank of Mongolia, while banks provided MNT 60 billion of 761 loans from the Bank’s own sources. In addition, the Government of Mongolia has approved the "Regulation on Discounted Housing Loan" on 5th of December 2018. Within this framework, MNT 55 billion of total 882 loans were allocated to commercial banks during the first half of 2019.
Under the mortgage lending program implemented by the Government of Mongolia, 18 SPC’s amounted a total portfolio of MNT 3.6 trillion has issued by “Mongolian Mortgage Corporation HFC”. And the Bank of Mongolia has increasing the fund of the mortgage lending program.
Source: Bank of Mongolia
