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Central Bank of Azerbaijan: Mortgage credit rules can be changed

Central Bank of Azerbaijan: Mortgage credit rules can be changed

22 October 2011 09:04 (UTC +04:00)

Baku. Elnur Huseynguliyev â€“ APA-Economics. The Central Bank of Azerbaijan can change the rules of mortgage credits, Rashad Orujov, the bankâ€™s CEO told APA-Economics.

Orujov said proposals on changing the rules are considered now. â€œThere are different options. Obviously the mortgage credits are expected to be raised up to AZN 100 000, social credits â€“ up to AZN 60 000â€.

Orujov said the package of proposals also contains reduction of interest of credits and the issue is on agenda now.

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