25 percent of mortgage lending to be provided in rural areas

Economy
tugsbilig@montsame.mn
2017-05-02 10:45:19
Ulaanbaatar /MONTSAME/ A decision was made to grant 25 percent of the mortgage loans in the rural area. Bank of Mongolia gave direction to the commercials banks to provide 25 percent of central bank’s mortgage loans in the rural area. This settles the issues of loaners whose loan decision was approved but were waiting for the payment and will further enable loan accessibility in the rural area. 

The Bank of Mongolia will be monitoring the disbursement of the mortgage loan with a view to increase the loan accessibility in the rural area.
B.Tugsbilig