Bank Of Baku

CBA: “Increase of down payments on mortgage loans will decrease the risks”

CBA: “Increase of down payments on mortgage loans will decrease the risks”
# 26 November 2010 10:50 (UTC +04:00)
Remind that, the down payments for mortgage loan was increased from 15% to 20%.

CBA Deputy Chairman Aftandil Babayev says that, the main purpose of increase of down payments for mortgage loan is to be insured from the risks in this sphere: “After different analyzes we decided to increase the down payment to 20%. Because of, this is more useful. In this case, the risk problems, providing the stable operation of the system, are solved.”

According to him, no problem was observed about paying off the loans so far: “In any case, increase of down payment decreases the risks.”
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