Bank Of Baku

Azerbaijan-based banks suspended government mortgage lending for three months

Azerbaijan-based banks suspended government mortgage lending for three months
# 14 September 2016 09:30 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Azerbaijan-based banks did not give government mortgage loans in July 2016 as in June.

 

However, the government mortgage lending in the first half of 2016 amounted to AZN 1.1 million.

 

AZN 5.1 million was allocated to AMF from the state budget. AMF refinanced AZN 1.2 mln in July 2016.

 

Fund has not placed bonds in July.

 

As of August 1, 2016, the loans given by authorized credit organizations made AZN 40,882,600, average period – 280 months, average interest rate – 6.70%, monthly payment – AZN 296.1.

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