Bank Of Baku

Azerbaijan makes available 65% of planned allocation to Mortgage Fund

Azerbaijan makes available 65% of planned allocation to Mortgage Fund
# 07 November 2008 12:50 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s Ministry of Finance has delivered AZN 22 million or 65% of the planned AZN 34 million for the government-financed mortgage loans in 2008 to the Mortgage Fund.
Azerbaijan Mortgage Fund said that funds were made available to agent banks to refinance mortgage loans they lent.
The government allocated AZN 6 million in 2005, AZN 20 million in 2006 and AZN 20 million in 2007 to the Mortgage Fund.


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