Azerbaijan will resume lending mortgage loans in next months

Azerbaijan will resume lending mortgage loans in next months
# 22 May 2009 15:46 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijan Mortgage Fund (AMF) will resume lending funds to authorized banks for distribution with effect from June 1, said Etibar Aliyev, Acting President of Azerbaijan Confederation of Entrepreneurs.

According to him, the terms of lending mortgage loans didn’t undergo major changes.

“Interest rates and loan term remain the same,” he added.

Azerbaijan Mortgage Fund plans to distribute AZN 34 million in mortgage loans through a network of agent banks this year.
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THE OPERATION IS BEING PERFORMED