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Azerbaijan Mortgage Fund Allocated Over 550 Credits

Business Materials 30 March 2007 14:19 (UTC +04:00)

Azerbaijan, Baku /corr. Trend U.Ismayilova / Since March 2006, the Azerbaijan Mortgage Fund (AMF) has allocated 552 credits at a total amount of AZN 17,700 mln. AMF reported on 27 March that 140 credits of the total (AZN 3mln) have been re-financed.

AMF allocates mortgage credits through 23 of its authorized agent banks. A total of AZN 26mln has been allocated for AMF from the 2006 Public Budget and AZN 20mln from the 2007 Public Budget.

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