Bank Of Baku

Central Bank chairman: “German model of mortgage will be implemented in Azerbaijan this year”

Central Bank chairman: “German model of mortgage will be implemented in Azerbaijan this year”
# 20 January 2011 08:59 (UTC +04:00)
Baku. Elnur Huseynguliyev – APA-Economics. Azerbaijan will adopt law on construction saving banks this year, Azerbaijan’s Central Bank chairman Elman Rustamov told journalists, APA-Economics reports. He said after adoption of this law, German model of mortgage credits would be implemented in the country. “We need to improve current mortgage model. New model will create mortgage system through collection of population’s savings”.
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