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Tag : 496 borrowers owe a total of MNT 4

ADVERTORIAL

Real estate business recovers with bank loans facilities

Staff WriterNovember 30, 2021December 1, 2021
by Staff WriterNovember 30, 2021December 1, 20210266
(UTV | MONGOLIA) – The real estate sector in Mongolia has recently witnessed increasing growth, as a result of commercial banks and the government providing...
(UTV | MONGOLIA) - The real estate sector in Mongolia has recently witnessed increasing growth000000 households in Ulaanbaatar will need to purchase a new apartment in the next five years2.7 percent are past due496 borrowers owe a total of MNT 4919.2 billion in mortgage loans as of December 2020. 94.1 percent of outstanding loans are in good standingand 2.9 percent are non-performing.   Source: A24 News Agencyas a result of commercial banks and the government providing great facilities to young people through the issuing of bank loans that meet real estate criteria. Statistics indicate that more than 210but only 16 percentor more than 35which will lead to rapid growth in the real estate sector and banks togetherwhile the rest will go to banks to borrowwith remarkable progress. 100would be able to do so

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