Bank Of Baku

AZN 10.2 mln mortgage loan given in March, Azerbaijan

AZN 10.2 mln mortgage loan given in March, Azerbaijan
# 05 April 2011 15:29 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics, Azerbaijani population was given AZN 10.2 mln mortgage loan, in February, 2011, up 85% compared to February, AMF told APA. Totally, AZN 17.2 mln mortgage loan was given during first three months of 2011.

Thus, the mortgage loan given via AMF has made AZN 267.1 mln, so far. As of April 1, per head mortgage loan was AZN 29.3.

AZN 4.3 mln-loan was refinanced by AMF, in March. AZN 15.2 mln-mortgage loan has been refinanced since early 2011. Totally, AZN 191.2 mln or 71.5% of mortgage loan has been refinanced, so far. AZN 2.6 mln asset has been allocated to AMF by state budget, since early 2011.

N January-March, AMF has issued AZN 19 mln-bonds. Totally, the fund is expected to issue AZN 60 mln-bonds, this year. State allowances for mortgage purposes will make AZN 14 mln.
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