Azerbaijan-based banks give AZN 10M-mortgage loan January

Azerbaijan-based banks give AZN 10M-mortgage loan January
# 10 March 2017 15:21 (UTC +04:00)

Azerbaijan-based banks gave AZN 10.1 million-mortgage loans in January 2017.

 

Central Bank of Azerbaijan reports that no funds were allocated from state budget to the Azerbaijan Mortgage Fund in January.  

 

AMF refinanced AZN 0.7 million in January 2017.

 

The AMF’s AZN 10 million bonds were placed at Baku Stock Exchange.

 

Regarding AMF mortgage portfolio, as of February 1, 2017 the loans allocated by authorized credit institutions amounted to AZN 41,331.5, average period – 280 months, interest rate 6.68% and monthly payment AZN 297.6.

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