AMF suspended government mortgage lending for tens months

AMF suspended government mortgage lending for tens months
# 02 December 2016 13:12 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Azerbaijan-based banks did not give government mortgage loans through Azerbaijan Mortgage Fund in October 2016.

However, the government mortgage lending in the first half of 2016 amounted to AZN 1.1 million, down 70.2 times from previous year.

In October AZN 4.6 million was allocated to AMF from the state budget. AMF refinanced AZN 0.8 million in October 2016.

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