Baku, Azerbaijan, Oct. 26
By Anvar Mammadov – Trend:
Subsidiary of the International Bank of Azerbaijan (IBA) in Russia, IBA-Moscow, has launched mortgage lending program, the message posted on the bank's official website said.
The bank offers loans worth up to 10 million rubles for a period of up to 15 years.
The official exchange rate for Oct. 26 is 62.0480 RUB/USD.
The initial contribution is at least 10 percent of the total value of an apartment, and the interest rate amounts to 10.5 percent for the entire period of lending.
IBA-Moscow was founded in 2002.