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New chairman appointed to Mortgage and Credit Guarantee Fund

New chairman appointed to Mortgage and Credit Guarantee Fund

President Ilham Aliyev has signed a decree appointing a new head for the Mortgage and Credit Guarantee Fund, replacing Fakhri Kazimov.

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Fakhri Khanhuseyn oglu Kazimov has been relieved of his duties as the Chairman of the Board of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan.

According to the Operative Information Center-OMM, President Ilham Aliyev signed a decree regarding this personnel change.

By another decree of the head of state, Osman Ismayil oglu Khaliyev has been appointed as the new Chairman of the Board of the Mortgage and Credit Guarantee Fund.

It should be noted that Fakhri Kazimov had served in this position since December 25, 2017, following his initial appointment by President Ilham Aliyev. The Mortgage and Credit Guarantee Fund plays a pivotal role in the financial sector of Azerbaijan, facilitating access to affordable housing through mortgage loans and supporting entrepreneurship by providing guarantees for business loans, thereby contributing to the country's socio-economic development.

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