Bank Of Baku

Azerbaijan sees decline in mortgage lending through AMF

Azerbaijan sees decline in mortgage lending through AMF
# 12 May 2015 07:59 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of April 1, 2015, the mortgage loans given through Azerbaijan Mortgage Fund made AZN 20.7 mln, down 24.45% or AZN 6.7 mln from previous year.

 

In March, state budget allocated AZN 2.6 mln to AMF.

 

According to Central Bank of Azerbaijan, the AMD refinanced AZN 15.4 mln in January-March, 2014.

 

Fund did not place bonds in February and March.

 

As of April 1, 2014, the loans given by authorized credit organizations made AZN 40,306, average period – 279 months, average interest rate – 6.76%, monthly payment – AZN 297.2.

 

For comparison to note that the loans given by authorized credit organizations in the same period of 2014 made AZN 39,676, average period – 278 months, average interest rate – 6.86%, monthly payment – AZN 319.4.

 

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