Bank Avrasiya lends its first mortgage loan

Bank Avrasiya lends its first mortgage loan
# 05 August 2009 13:12 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan-based Bank Avrasiya has lent its first mortgage through funding from Azerbaijan Mortgage Fund.


The loan was AZN 50 000 for 15 years. The mortgagor applied for a loan in the first half of July and got it within several days.

Bank Avrasiya was granted a banking license in November 2007. As of July 1, the bank’s assets stood at AZN 48 136 830, deposit portfolio at AZN 22 268 520, loan book at AZN 22 120 460 and current profit at AZN 919 040.

The bank operates 2 ATMs, 21 POS terminals and 1 exchange bureau.
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