Bank Of Baku

Azerbaijan Mortgage Fund will raise the financing limit for agent banks

Azerbaijan Mortgage Fund will raise the financing limit for agent banks
# 09 June 2009 16:39 (UTC +04:00)
According to him, proceeds of the mortgage bond worth over AZN 50 million will go to mortgage loan lending and the limit of funding for a bank (AZN 1 million) may be increased.

“At present AZN 1 million will be allocated for agent banks and this amount can be lent as 20 mortgage loans at maximum,” he added.
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THE OPERATION IS BEING PERFORMED