Mortgage

President’s Affairs Management Office becomes only shareholder of State Mortgage Company

President’s Affairs Management Office becomes only shareholder of State Mortgage Company

AKIPRESS.COM – President Sadyr Japarov has signed the order on transfer of the function of the shareholder of the State Mortgage Company JSC from the Cabinet of Ministers to the President’s Affairs Management Office. 

The Cabinet of Ministers is tasked to hand over the function of the only shareholder of the state-owned Mortgage Company to President’s Affairs Management Office.

The move is aimed to increase effectiveness of work of the State Mortgage Company, to improve mechanism of mortgage lending, to provide conditions for implementation of the state program providing social workers, military personnel, public and municipal servants with housing via mortgage lending, the president’s press service said. 

The President’s Affairs Management Office is headed by Kanybek Tumanbaev.


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