Bank Of Baku

Azerbaijan sees about 11% decline in government mortgage lending in June

Azerbaijan sees about 11% decline in government mortgage lending in June
# 08 July 2015 08:44 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of June 1, 2015, the mortgage loans given through Azerbaijan Mortgage Fund (AMF) made AZN 47 mln, down 10.8% or AZN 5.7 mln from previous year.

 

According to Central Bank of Azerbaijan, 12.1 mln were allocated by AMF’s agent banks in May.

 

AMF refinanced AZN 29.5 mln in January-May 2015.

 

As of June 1, 2015, the loans given by authorized credit organizations made AZN 40,524, average period – 279 months, average interest rate – 6.74%, monthly payment – AZN 297.3.

 

For comparison to note that the loans given by authorized credit organizations in the same period of 2014 made AZN 39,839, average period – 278 months, average interest rate – 6.83%, monthly payment – AZN 318.5.

 

 

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