Azerbaijan, Baku / Trend , corr U. Ismaylova / The Azerbaijani Mortgage Fund (AMF) reported on 9 March that during the period of March 2006 to March 2007, it allotted 447 credits worth AZN 13,200 mln.
According to the Fund, 121 credits worth AZN 2,600 mln were re-financed.
The Fund allocates mortgage credits through 23 authorised banks.
AZN 26 mln was allocated to the AMF from the 2006 State budget, while AZN 20 mln was allotted from the current year State budget.