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IFC Mortgage Advisory Services Central Asia and Azerbaijan

IFC Mortgage Advisory Services Central Asia and Azerbaijan. Reviving the Mortgage Industry Almaty, September, 2008. IFC’s Role in the Housing Value Chain. … we adopt a phased approach to support housing value chain. Supplier Side. Demand Side. Primary Mortgage Market. Secondary Mortgage

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IFC Mortgage Advisory Services Central Asia and Azerbaijan

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  1. IFC Mortgage Advisory ServicesCentral Asia and Azerbaijan Reviving the Mortgage Industry Almaty, September, 2008

  2. IFC’s Role in the Housing Value Chain … we adopt a phased approach to support housing value chain SupplierSide Demand Side Primary Mortgage Market Secondary Mortgage Market Land and Infrastructure Construction Investment & ADVISORY Building Affordable and Decent Quality Housing Units Increasing Access to Affordable Housing Finance Engagementin the Sector

  3. Reason for Intervention • IFC views housing finance as a priority sector • Large demand for housing finance in Central Asia and Azerbaijan • Support investee banks • Wide disparity in preparedness and skill level between countries • Kazakhstan • Maturing but giving cause for concern • Needs to upgrade systems and procedures • Azerbaijan • New but growing quickly • Needs to develop mortgage lending skills • Uzbekistan/Tajikistan/ Kyrgyzstan • Nascent mortgage systems • Need to create enabling environment

  4. Current Intervention • Sectoral Support • Legislative guidance • Covered bond legislation • Primary and secondary market development • Training • Appraisal • Product development (ARMs) • Investment • Debt • Two recent loans for mortgage lending to Azerbaijani banks • Exploring possibilities with investment client banks in Central Asia and Azerbaijan • Equity • Institutional support • Advisory services • Direct advisory role with partner banks to develop mortgage lending systems.

  5. Objectives of Advisory Services • Develop international standard mortgage department. • Differentiate mortgage lending procedures from consumer lending. • Help mitigate risks inherent in developing new products. • Improve profitability of product through efficiency and improved delinquency management. • Prepare portfolios for securitisation. • Improve capacity and quality in origination, underwriting and servicing.

  6. Areas of Intervention Conditions Closing Origination Underwriting Servicing Risk Management

  7. Garth Bedford / Гарт Бедфорд IFC Bank Mortgage Advisory / Ипотечное Консультирование 41, Kazybek Bi, Building A, Almaty, Kazakhstan, 050010 Tel./Тел.: + 7 727 2980 580 Fax/Факс: + 7 727 2980 581 e-mail: gbedford@ifc.org Contact Viktor Mints / ВикторМинц IFC Mortgage Market Development / Развитие Ипотечного Рынка 41, Kazybek Bi, Building A, Almaty, Kazakhstan, 050010 Tel./Тел.: + 7 727 2980 580 Fax/Факс: + 7 727 2980 581 e-mail: vmints@ifc.org Tomasz Telma / Томаш Тельма IFC Investment / Инвестирование 41, Kazybek Bi, Building A, Almaty, Kazakhstan, 050010 Tel./Тел.: + 7 727 2980 580 Fax/Факс: + 7 727 2980 581 e-mail:ttelma@ifc.org

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