Bank Of Baku

Azerbaijan to double preferential mortgage lending next year

Azerbaijan to double preferential mortgage lending next year
# 15 October 2012 12:07 (UTC +04:00)
Totally, AZN 136 mln will be formed in the Mortgage Fund, by taking the funds allocated and received from state budget and other sources into consideration

Note that, the mortgage loans given through AMF during January-September, 2012 made AZN 45.58 mln, down 33.8% from a year earlier. Totally, the mortgage loans, which have been given through AMF since it launched, reached AZN 391.12 mln. Consequently, as of October 1, 2012, per head mortgage loan was AZN 42.1. AZN 69.5 mln-loans were refinanced during 9 months. Totally, AZN 321.72 mln or 82.26% of loans given were refinanced.
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THE OPERATION IS BEING PERFORMED