07 December 2023

On December 4-5 of this year, Murodjon Farmanov, the Chief Executive Officer of the Company, held ASMMA 2023 in Tokyo, Japan.

On December 4-5 of this year, Murodjon Farmanov, the Chief Executive Officer of the Company, participated in the next annual meeting of ASMMA 2023, which was held in Tokyo, Japan. The meeting was attended by representatives of major refinancing organizations of the association, such as Malaysia, Korea, Indonesia, Kazakhstan, Kyrgyzstan, and Pakistan. During the two-day meeting, the participating companies shared their experiences, and discussed issues of green housing finance.

On December 4-5 of this year, Murodjon Farmanov, the Chief Executive Officer of the Company, participated in the next annual meeting of ASMMA 2023, which was held in Tokyo, Japan. The meeting was attended by representatives of major refinancing organizations of the association, such as Malaysia, Korea, Indonesia, Kazakhstan, Kyrgyzstan, and Pakistan. During the two-day meeting, the participating companies shared their experiences, and discussed issues of green housing finance.

At the end of the meeting, "Mortgage Refinancing Company of Uzbekistan" was officially accepted as a member of ASMMA. As a result of this, in its turn, the application of the accumulated experiences during the Company's activities serves for its further development.

For information, ASMMA is an informal, not-for-profit organization open to all secondary mortgage corporations, i.e. mortgage refinancing organizations, in Asia.

The association was established by the Asian Secondary Mortgage Corporation (ASMC) at a roundtable meeting held at the Central Bank of Malaysia (Bank Negara Malaysia) on September 30, 2014.

Malaysian National Mortgage Corporation (Cagamas Berhad), Thailand's Secondary Mortgage Corporation, Japan Housing Finance Agency, Indonesia's PT Sarana Multigriya Financial Organization and Philippines' National Mortgage Finance Corporation (Home Mortgage Finance Corporation) are founding members of ASMMA.

Currently, in addition to these, secondary mortgage organizations of Korea, Mongolia, Kazakhstan, Pakistan, Kyrgyzstan have become members of ASMMA.

As you know, secondary mortgage organizations are the epitome of housing finance. They also play an important role in promoting home ownership and providing affordable housing and cheaper financing. In addition, secondary mortgage organizations, as financial intermediaries, help to increase the number of innovative financial products in the debt capital market.

ASMMA puts forward goals such as uniting such large organizations of Asia, creating a basis and platform for sharing ideas and experiences, and encouraging housing financing. At least once a year, all member organizations gather and organize seminars and roundtable discussions. Next year, the next annual meeting of ASMMA 2024 is scheduled to be held at Pakistan Mortgage Refinancing Company (PMRC).