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State mortgage lending sharply decreases in Azerbaijan

State mortgage lending sharply decreases in Azerbaijan

01 October 2012 14:20 (UTC +04:00)

Baku. Ali Ahmadov â€“ APA-ECONOMICS. In September, 2012, AZN 3.07 mln was given through Azerbaijan Mortgage Fund, down 5.2% from August, 2.8 times from a year earlier.

Consequently, mortgage loans in January-September reached AZN 45.58 mln. State mortgage lending dropped 33.8% in comparison to a year earlier.

Totally, since 2006, AZN 391.12 mln of mortgage loans have been given. As of October 1, per head mortgage loan made AZN 42.1.

In September, AZN 3.97 mln-mortgage loan was refinanced, down 2.2 times from August.

Consequently, AZN 69.5 mln was refinanced. AZN 321.72 mln or 82.26% of total mortgage loans were refinanced. Mortgage Fund did not issue bonds in September. At the result, the bonds issued by Fund during 9 months amounted to AZN 23 mln.

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