Bank Standard lends 136 mortgage loans

Bank Standard lends 136 mortgage loans
# 23 April 2007 09:32 (UTC +04:00)
Bank Standard has to date lent 136 mortgage loans worth AZN 4,369,812.
Through funding from the Azerbaijan Mortgage Fund, the bank lent 84% of mortgages (114 mortgage loans worth AZN 3,720,889), of which AZN 256,910 (10 loans) were issued via regional branches.
Bank Standard told APA-Economics that it has issued 4 preferential loans worth AZN 130,048 within the scope of the program.
Through its self-financed mortgage program Manzilim (My Home), the group lent 22 loans worth AZN 648,983.
Bank Standard was the first to lend a mortgage in March, 2006 when mortgage lending started in Azerbaijan. /APA-Economics/

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