Bank Of Baku

Azerbaijan sees decline in government mortgage lending

Azerbaijan sees decline in government mortgage lending
# 03 May 2011 12:08 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. In April, 2011, AZN 9.2 mln government mortgage loan was given to the population, down 9.8% from March, 2011, AMF told APA. Totally AZN 26.4 mln mortgage loan was given in 4 months of 2011.

Thus, the volume of mortgage loan given via AMF has reached AZN 276.3 mln since mortgage lending started. As of May 1, 2011, per head mortgage loan exceeded AZN 30.

AMF has refinanced AZN 5.9 mln-loan. Totally, AZN 197.1 mln or 71.33% of mortgage loan has been refinanced. State budget has allocated AZN 3.6 mln to AMF, since the beginning of this year.
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