Information message of JSC "Mortgage Refinancing Company of Uzbekistan"

JSC "Mortgage Refinancing Company of Uzbekistan" continues its activities.

In the 1st quarter of 2022, mortgage loans allocated by commercial banks will be refinanced in the amount of 42 million US dollars.

The Company is working accordingly to attract additional funds from international financial organizations, the development of which is expected in the second half of 2022.

Currently, it is planned to attract the resources of the Ministry of Finance in the first half of this year.

In accordance with the Company's requirements, mortgage loans in the amount of 1.9 trillion soums were allocated in 2021 for the purchase of housing on the secondary market, during 2022 it is planned to allocate loans in the amount of 2.0 trillion soums.

In order to sustainably secure the resources of commercial banks, the Roadmap for the implementation of the Capital Market Development Program in 2021-2022 creates a legal framework for the securitization and circulation of mortgage bonds.

Starting from 2023, the company plans to issue mortgage bonds, due to which the company's activities will develop.

At the same time, within the framework of the new procedure introduced, the Ministry of Finance regularly allocates resources to commercial banks for the purchase of apartments on the primary market.

At the expense of the resources of the Ministry of Finance, 5.0 trillion soums were allocated in 2021 for the purchase of apartments on the primary market, in 2022 it is planned to allocate 12.8 trillion soums to commercial banks for issuing loans to the population.