Azerbaijan Mortgage Fund Granted Nearly 1,000 Credits
Azerbaijan, Baku / corr. Trend U.Ismaylova / Over March 2006 to 1 May 2007 the Azerbaijan Mortgage Fund has granted 950 credits to the amount of AZN 33.86 mln. According to the Fund, 655 credits were financed to the amount of AZN 22.4 mln.
The Azerbaijan Mortgage Fund finances the mortgage credits through 23 selected banks. The 2006 State budget allocated AZN 26 mln for the Fund and the 2007 State budget AZN 20 mln for the Fund.