239 individuals issued mortgage loans in September

The American Chamber of Commerce in Mongolia

2018-10-03 16:39 GMT+8

In September, the Bank of Mongolia (BoM) allotted 16 billion MNT to commercial banks for mortgage loan financing, and 239 individuals were approved for mortgage loans, bringing the total number of mortgage borrowers to 2,724 in 2018.

In 2018, the BoM and Cabinet planned to finance over 300 billion MNT in mortgage loans. Officials report that mortgage loan financing for 2019 will not exceed that of 2018, due to its impact on import growth.

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