Bank Of Baku

Azerbaijan to establish Mortgage Guarantee Fund

Azerbaijan to establish Mortgage Guarantee Fund
# 15 November 2012 13:38 (UTC +04:00)

 

 

Baku. Vahab Rzayev – APA-Economics. The Central Bank of Azerbaijan offers to establish Mortgage Guarantee Fund under the Mortgage Fund. According to CB Director-General Rashad Orujov, the Guarantee Fund will allow some social mortgage lending without down payment.

 

At present, relevant works are underway. Besides, criteria on credit and borrower as a guarantor are determined. 

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