Azerbaijan announces amount of 2017 mortgage lending

Azerbaijan announces amount of 2017 mortgage lending
# 02 February 2018 14:51 (UTC +04:00)

Azerbaijan-based banks allocated AZN 30.4 million of government mortgage loans through Azerbaijan Mortgage Fund in December 2017.

 

In December, AZN 5.3 million was allocated from the state budget for AMF.

 

AMF refinanced AZN 19.6 million in December 2017.

 

The AMF issued AZN 15 million bonds at BSE in the reporting period.

 

Regarding AMF mortgage portfolio, as of January 1, 2018 the loans allocated by authorized credit institutions amounted to AZN 40,043.3, average period – 281 months, interest rate 6.63% and monthly payment AZN 321.7.

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