08 May 2024

The Company will allocate additional resources for mortgage lending.

The Company will allocate additional resources for mortgage lending.

The Company will allocate additional resources for mortgage lending.

A Presidential Decree of the Republic of Uzbekistan, No. PF-70, ""On Additional Measures to Improve Mechanisms for Granting Mortgage Loans in 2024 and to Enhance Housing Conditions for the Population,"" has been signed (https://lex.uz/uz/docs/-6906830).

Based on the Company’s main objectives, the following tasks have been established:

• Gradually allocate 1.2 trillion soums to the Company over 20 years by the end of 2024. These resources will be used to refinance primary mortgage loans for housing in commercial banks that meet the Company’s requirements, in accordance with market principles.
• Introduce ""green"" mortgage loans for individuals to purchase housing built to green housing standards.
• Attract funding from international financial institutions to finance green mortgage loans.

It is worth noting that the Company’s primary objectives are as follows:

• provide financial resources to commercial banks on a market-based approach to meet the growing housing demand of the population;
• attract financial resources from domestic and international capital markets, including funds from international financial institutions, and direct them towards refinancing mortgage loans."