Bank Of Baku

State mortgage lending sharply decreases in Azerbaijan in June

State mortgage lending sharply decreases in Azerbaijan in June
# 05 July 2012 10:16 (UTC +04:00)
AZN 3.92 mln mortgage loan was given through AMF in June, down 2 times in comparison to a month ago. According to AMF, total sum of mortgage loan in January-June reached AZN 34.84 mln.

Totally, mortgage loan has reached AZN 380.38 mln since 2006. Consequently, as of July 1, 2012, per head mortgage loan made AZN 41.8. This figure was AZN 41.4 in June.

AZN 11.31 mln-mortgage loan was refinanced by AMF in June. Consequently, AZN 44.460 mln-loans were refinanced in 6 months.

AZN 305.43 mln or 80.3% of total mortgage loans were refinanced. AMF issued 20 mln-bonds.
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