About company
Mortgage Refinancing Company of Uzbekistan is a refinancing credit institution in the form of a joint stock company. JSC "Mortgage Refinancing Company of Uzbekistan" (UzMRC) was established by the Ministry of Finance in November 14, 2019 in accordance with Presidential Decree No. UP-5715 dated May 13, 2019, as a mechanism to ensure mortgage liquidity to solve the problem of long-term financing in the banking sector. The Сompany's charter capital is 100 billion soums.
The lack of a stable long-term resource base for commercial banks held back the growth of the mortgage market and, as a result, the growth of the construction market. The creation of UzMRC is intended to serve as a reliable source of long-term financing at attractive rates and at the same time ensure high standards of mortgage lending among commercial banks. The vector of the company's activities is to help commercial banks reduce the risk of mismatching maturities for attracted resources and provided loans, increase the availability of mortgage loans for a wide range of people.
Our products
Refinancing
Refinancing is the registration of a new loan to pay off an existing one, taken from the current or new creditor on more favorable terms for the borrower. The new bank pays off the debt to the old one and becomes a new full-fledged creditor to whom the client must pay the debt.
Bonds
A bond is a debt security, much like an IOU stating that someone has borrowed money from you and will pay it back on a certain date. When companies or governments issue bonds, they also borrow money and then pay it back with interest — in the case of bonds, they are called coupons.
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