Azerbaijani biggest bank interested in financing its own mortgage program
Azerbaijan, Baku, Dec. 3 / Trend N. Ismayilova /
The International Bank of Azerbaijan (IBA) is interested in financing its own mortgage program, the bank told Trend on Saturday.
"The operations are underway in this direction, the bank said. "The situation has also changed in the market over this period. So, we will wait until it becomes more favorable for it to be economically feasible for investors and not to be very expensive, because the end user is the population."
According to the information, the program is designed for two or three years.
The International Bank of Azerbaijan was negotiating to attract about $ 100 million.
The official exchange rate is 0,7865 AZN/USD.