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TBC Credit resumes mortgage lending

TBC Credit resumes mortgage lending

16 December 2009 16:20 (UTC +04:00)

Baku. Elnur Guseynguluev - APA-Economics. Azerbaijan-based TBC Credit non-bank lending institution (former SOA Credit) has resumed lending mortgage loans.

In addition to the restoration of mortgage loans, interest rates on consumer and business loans have been reduced, said TBC Credit. Loan are also available for buying, remodelling, constructing homes and buying land plots. The loan ceiling is $200 000 and term is 10 years.

Established in Azerbaijan in 1999, SOA Credit changed its name to TBC Credit after being acquired by Georgiaâ€™s TBC Bank in May 2007. The company has started lending loans since 2000.
Georgiaâ€™s TBC Bank took a 75% stake in SOA Credit.

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