Construction saving bank can be established in Azerbaijan

Construction saving bank can be established in Azerbaijan
  • Clock-gray 10:22
  • calendar-gray 29 December 2020

Next year, the Central Bank of Azerbaijan (CBA) will consider the establishment of construction saving bank, APA-Economics reports citing the statement of the CBA on the main directions of monetary and financial stability policy for 2021.

It is noted that the expansion of mortgage lending through market mechanisms will play a crucial role at the development of the real estate sector in the country and the issue on the establishment of construction saving banks will be considered.

Mirsaid İbrahimzade

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