AMF expands number of authorized agents
Azerbaijan, Baku, July 16 / Trend N.Ismayilova /
The Zafar M appraisal company has become an authorized agent of the Central Bank's Azerbaijan Mortgage Fund (AMF), the fund said.
As a result, the number of AMF agents among appraisal companies hit 13.
The Azerbaijan Mortgage Fund was established in September 2005 in accordance with the presidential decree as a public institution. Its statute was approved by a separate presidential decree in December 2005. The AMF's main purpose is to establish mechanisms for financing in connection with providing Azerbaijani citizens with houses through long-term financing and attracting domestic and foreign investments in mortgage financing.
To date, AMF agents include 24 banks, 19 insurance companies and 13 appraisal organizations.