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Central Bank: Average monthly payment on mortgage loans makes AZN 320

Central Bank: Average monthly payment on mortgage loans makes AZN 320

05 March 2015 12:11 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of February 1, 2015, total mortgage lending through Azerbaijan Mortgage Fund made AZN 4.2 mln, up 23.53% or AZN 800,000 from previous year.

According to Central Bank of Azerbaijan, the state budget has not allocated funds to AMF since September, 2014.

In January, 2015, AMF refinanced AZN 5 mln.

Regarding AMF loan portfolio, loans given by the authorized credit organizations made AZN 40,174, average period – 278 months, average interest rates – 6.77%, monthly payments – AZN 297.4.

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