Bank Of Baku

20 state-funded mortgage loans lent in Azerbaijan

20 state-funded mortgage loans lent in Azerbaijan
# 02 July 2009 14:55 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Upon resumption of the mortgage lending in the country on June 11, Azerbaijan Mortgage Fund (AIF) has received 544 official applications for mortgage loans and 44 applications for social mortgage loans through its agent banks.

The AIF said the total amount required on these applications is AZN 26 million.

AZN 1 million worth of 20 loans have been lent since June 11.

Azerbaijan has allocated AZN 35 million from the government funds for mortgage lending in 2009.
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