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Government mortgage lending in Azerbaijan decreases by 10% in May

Government mortgage lending in Azerbaijan decreases by 10% in May

11 June 2013 11:15 (UTC +04:00)

Baku. Ali Ahmedov – APA-Economics. AZN 15.21 mln mortgage loans were given via Azerbaijan Mortgage Fund during May, 2013, down 9.8% from April, up 1.92 times from a year earlier. Consequently, mortgage loans reached AZN 4727 mln during January-May, up 52.9% from 2012, said the AMF.

Totally, the mortgage loans through AMF have reached AZN 482.77 mln since mortgage lending started in 2006. Consequently, as of June 1, 2013, per capita mortgage loan made AZN 49.8.

AMF has refinanced AZN 7.91 mln-mortgage loans in May. Consequently, AZN 28.31 mln-loans were refinanced during January-May. AZN 371.68 mln or 75.99% of total mortgage loans were refinanced.

Besides, AMF issued AZN 26mln-bonds in January-May.

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