Bank Of Baku

State mortgage lending sharply increases in Azerbaijan

State mortgage lending sharply increases in Azerbaijan
# 06 August 2013 09:09 (UTC +04:00)

Totally, during 2006-2012, AZN 420.23 mln of mortgage loans were given through the AMF.

 

In the first 7 months of the current year, AZN 42.03mln-mortgage loan was refinanced.

 

Consequently, AZN 355.42 mln or 81.6% of total mortgage loans were refinanced. The sum of funds from the state budget to AMF stood at AZN 40 mln during January-July.

 

During the reporting period, the Mortgage Fund issued AZN 34 mln-bonds. 

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