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State mortgage lending decreases in Azerbaijan

State mortgage lending decreases in Azerbaijan

03 April 2012 09:06 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. In March, 2012, state mortgage lending decreased in Azerbaijan. AZN 2.05 mln mortgage loan was given through AMF in March, down in comparison to a month ago. According to AMF, total sum of mortgage loan in January-March reached AZN 10 mln.

Totally, mortgage loan has reached AZN 355.54 mln since 2006. Consequently, as of April 1, 2012, per head mortgage loan made AZN 39.5. This figure was AZN 39.3 in March.

AZN 6.41 mln-mortgage loan was refinanced by AMF in March. Consequently, AZN 19.150 mln-loans were refinanced in three months.

AZN 280.12 mln or 78.78% of total mortgage loans were refinanced. AMF issued 2 mln-bonds.

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