Azerbaijan-based banks suspended government mortgage lending for four months

Azerbaijan-based banks suspended government mortgage lending for four months
# 04 October 2016 15:27 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Azerbaijan-based banks did not give government mortgage loans in August 2016.

However, the government mortgage lending in the first half of 2016 amounted to AZN 1.1 million.

AZN 4.2 million was allocated to AMF from the state budget. AMF refinanced AZN 1.1 mln in August 2016.

Fund has not placed bonds in August.

As of September 1, 2016, the loans given by authorized credit organizations made AZN 40,882,600, average period – 280 months, average interest rate – 6.70%, monthly payment – AZN 295.9.

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