Bank Of Baku

AZN 3.3 mln mortgage loan given in January, Azerbaijan

AZN 3.3 mln mortgage loan given in January, Azerbaijan
# 03 February 2011 08:27 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. In January, 2011, AZN 3.3 mln mortgage loan has been given to the population, in Azerbaijan, AMF told APA. The total volume of mortgage loan given t population reached AZN 251.4 mln, so far. As the result, per head mortgage loan was amounted AZN 27.6, as at February 1, 2011.

In January, AZN 5.2 mln-credit hasm been refinanced by AMF. In general, AZN 181.1 mln or 72.04% of mortgage loan has been refinanced, so far.

AMF has issued AZN 13 mln-bonds, last month. In general, AMF is expected to issue AZN 60 mln-bond emission, this year. The sum of means to be allocated by the state for mortgage aims will be AZN 14 mln.

AMF says 41% of persons receiving mortgage loan is 18-29 years old, 31% is 30-35 years old and 28% is over 36 years old.
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