Bank Of Baku

Zamin Bank to launch self-financed mortgage program

Zamin Bank to launch self-financed mortgage program
# 30 April 2009 12:06 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Zamin Bank may launch its self-financed mortgage program after negotiations with several international financial institutions are completed, said Abdul Gurbanov, Deputy Chairman of the Bank.

According to him, 30% of proceeds of a loan to be received from a financial institution will go to mortgage loans.

Zamin bank has been in operation since 1992.

It operates 28 branches, 13 offices and a representative office in Russia.
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