Bank Of Baku

Azerbaijan sees 19% rise in mortgage lending

Azerbaijan sees 19% rise in mortgage lending
# 14 June 2011 08:42 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of May 1, 2011, the total mortgage loan given to population made AZN 378.8 mln, up 6.9% or AZN 305.3 from year earlier.

According to CBA, the mortgage loan portfolio decreased by AZN 22.6 mln or 5.6% during January-April. This decline was observed in April that it made AZN 24.1 mln or 6%.

As at May 1, 2011, share of mortgage loan in total loan portfolio made 4.4%, up 0.7 percentage points compared to a previous year. This index remained unchanged at the beginning of early 2011, fell 0.4 percentage points in April.
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