Bank Of Baku

427 mortgage loans lent in Azerbaijan during a year

427 mortgage loans lent in Azerbaijan during a year
# 05 March 2007 16:27 (UTC +04:00)
Azerbaijan launched preferential social mortgage lending program last month and have to date lent 12 loans.
Azerbaijan Mortgage Fund told APA-Economics that 182 mortgage loans were lent during the period of January-February.
He authorized banks have lent 427 mortgage loans worth AZN 12.376m since the mortgage lending system commenced on March, 2006.
AZN 26m were earmarked for mortgage lending in 2006 and AZN 20m is allocated this year.
AMF lends mortgage loans through 23 authorized banks. /APA-Economics/
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