Baku. Yegane Lachinzade - APA-Economics. Azerbaijan-based banks did not grant loan through Azerbaijan Mortgage Fund (AMF) in May.
According to Central Bank of Azerbaijan, AZN 4.2 million was allocated from the state budget to AMF (AZN 18.7 million since early 2016).
AMF refinanced AZN 4.2 mln in January-May 2016.
Fund has not placed bonds in May either.
As of June 1, 2016, the loans given by authorized credit organizations made AZN 40,885,500, average period – 280 months, average interest rate – 6.70%, monthly payment – AZN 296.6.
For comparison to note that the loans given by authorized credit organizations in the same period of 2015 on average made AZN 40,524, average period – 279 months, average interest rate – 6.74%, monthly payment – AZN 297.3.
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