Bank Of Baku

Government mortgage lending in Azerbaijan extends

Government mortgage lending in Azerbaijan extends
# 07 September 2015 11:12 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of August 1, 2015, the mortgage lending given via Azerbaijan Mortgage Fund stood at AZN 65.2 mln, down 2.25% or AZN 1.5 mln from a year earlier.

 

Central Bank of Azerbaijan told APA-Economics that compared to June, the government mortgage lending rose AZN 8.7 mln or 15.4% in July.

 

AZN 5.3 mln was allocated from state budget to the AMF in July.

 

In January-July, AMF refinanced AZN 48.9 mln-mortgage loans. AMF issued AZN 10 mln-bonds in July.

 

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

 

Regarding AMF mortgage portfolio, as of August 1, 2015, the authorized credit organizations gave AZN 40,6997.8 for average period of 279.7 monhths, interest rate of 6.72$ and monthly payment of AZN 297.5

 

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