Banks restore mortgage lending

Banks restore mortgage lending
  • Clock-gray 16:24
  • calendar-gray 08 May 2017

Azerbaijan-based banks allocated AZN 12.6 million of government mortgage loans through Azerbaijan Mortgage Fund in March 2017, down 14.86% or AZN 2.2 million from previous month, up 63-fold or AZN 12.4 million from previous year.

 

In March AZN 12.1 million was allocated from the state budget for AMF.

 

AMF refinanced AZN 1.8 million in March 2017.

 

The AMF issued AZN 20 million-bonds at BSE in 2016.

 

Regarding AMF mortgage portfolio, as of April 1, the loans allocated by authorized credit institutions amounted to AZN 41,904.2, average period – 280 months, interest rate 6.66% and monthly payment AZN 300.6.

 

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