Bank Of Baku

Azerbaijan Mortgage Fund picks up Baku Insurance to insure mortgage loans

Azerbaijan Mortgage Fund picks up Baku Insurance to insure mortgage loans
# 21 January 2009 10:05 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Mortgage Fund has brought the number of its insurance partners to 12, by adding Baku Insurance to the list.
The insurance companies in the list are authorized to insure mortgage loans lent through the government funding.
AMF partners in loan lending include 22 lendoing institutions, 14 independent appraisers and 1 agent.
Owned by Bank Respublika (51%), Baku Insurance has been in operation since August, 2007.
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