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Government mortgage lending decreases in Azerbaijan

06 January 2012 08:21 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. Government mortgage lending decreased in 2011, Azerbaijan. According to Azerbaijan Mortgage Fund, AZN 9.96 mln mortgage loan was given to population via AMF in December, 2011. In 2011, the mortgage loan allocated via AMF made AZN 95.54 mln, down 1.4% from 2010.

Totally, AZN 345.54 mln has been allocated via AMF since it established in 2006. Therefore, per head mortgage loan reached AZN 37.8.

AZN 17.1 mln was refinanced by AMF, I December, totally, in 2011, AZN 77 mln was refinanced. AZN 260.97 mln or 75.65% has been refinanced since it established.

AZN 2.11 mln was allocated by state budget to AMF in December. Consequently, the funds allocated to mortgage objectives reached AZN 20 mln.

AMF issued AZN 3 mln-bonds, in December. Totally, volume of bonds issued by AMF reached AZN 77 mln.