Bank Of Baku

Government mortgage lending in Azerbaijan declines

Government mortgage lending in Azerbaijan declines
# 11 June 2015 07:51 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of May 1, 2015, the mortgage lending given via Azerbaijan Mortgage Fund stood at AZN 34.9 mln, down 16.9% or AZN 7.1 mln from a year earlier.

 

In January-April AMF refinanced AZN 21.9 mln-mortgage loans. AMF issued AZN 8 mln-bonds in April.

 

As of May 1, 2015 average sum of loans given by authorized credit organizations

 

Regarding AMF mortgage portfolio, as of May 1, 2015, the authorized credit organizations gave AZN 40,482 for average period of 279 monhths, interest rate of 6.74$ and monthly payment of AZN 297.6

 

 

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