Azerbaijan Mortgage Fund to consider opportunity of opening branch in Nakchivan Autonomous Republic
Azerbaijan Mortgage Fund caries out work in the regions of Azerbaijan for expanding the mortgage credit system within the execution of the relevant order of the Azerbaijani president.
A meeting on the topic Expansion of the mortgage credit system in NAR was held with the community in Nakchivan Autonomous Republic (NAR), with the participation of the head of the Fund and senior officials of the regional department of the Azerbaijan National Bank in NAR, Trend reports with reference to the statement of the Fund.
During the meeting, the executive director of the Mortgage Fund Faig Mammadov held a presentation and informed about the phases of the formation of the mortgage credit system in Azerbaijan, their terms and advantages of the mortgage credit in upgrading the standard of living.
Besides, Mammadov held meetings with the representatives of local banks.
It is considered in the Fund that the results of the visit showed the increasing interest of the NAR population in the mortgage credit. Besides, an information service was established under the regional department of Azerbaijan National Bank in NAR. Furthermore, the issue of opening the branch of the Mortgage Fund in NAR will be discussed.
Such measures are also planed to be held in other regions of Azerbaijan.