Azerbaijan sees 8% rise in October’s mortgage lending

 Azerbaijan sees 8% rise in October’s mortgage lending
# 08 December 2017 13:53 (UTC +04:00)

Azerbaijan-based banks allocated AZN 18.6 million of government mortgage loans through Azerbaijan Mortgage Fund in October 2017, up 8.14 % from September.

 

According to Central Bank of Azerbaijan, the banks have given mortgage loan in the amount of AZN 149.1 million since early 2017.

 

In October, AZN 4.6 million was allocated from the state budget for AMF.

 

AMF refinanced AZN 14.4 million in October 2017.

 

The AMF issued AZN 25 million bonds at BSE in the reporting period.

 

Regarding AMF mortgage portfolio, as of November 1, the loans allocated by authorized credit institutions amounted to AZN 43,915.1, average period – 281 months, interest rate 6.64% and monthly payment AZN 313.5.

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