Germany allocates €11 million for mortgage lending development
Under the agreement on financial cooperation between
The money will be allocated to increase the capital of State Mortgage Company JSC. €10.5 million in som equivalent will be distributed among the participating banks for a period of up to 15 years. The remaining €500,000 will be spent on the services of consultants, as well as on the technical support of member banks and the State Mortgage Company. At the same time, five commercial banks will be selected to participate in the project.
The money will be available for the purchase of new housing worth €15,000-
