Bank Of Baku

600 mortgage loans lent in Azerbaijan up to now

600 mortgage loans lent in Azerbaijan up to now
# 27 March 2007 16:12 (UTC +04:00)
The number of mortgage loans lent through Azerbaijan Mortgage Fund has reached 600.
The total amount of loans stood at AZN 19.6mln and loans of AZN 3.140mln were refinanced.
The AMF spokesperson Samara Nasibova told APA-Economics that after favorable mortgage lending started as per a presidential decree on improvement and simplification of lending mechanism in the country, the mortgage lending skyrocketed.
As of December, 2006, 243 mortgage loans were granted against 350 applications. /APA-Economics/
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