Azerbaijan, Baku / corr. Trend U.Ismaylova / The Executive Director of the Azerbaijan Mortgage Fund, Faik Mammadov, said at the press conference on 1 June that the Fund is considering the list of participants of the mortgage market of Azerbaijan.
The Fund allocates credits through twenty-three authorized banks, ten insurance companies and one brokerage. Forty-four banks and twenty-nine insurance companies operate in Azerbaijan.
Mammadov said that in the near future, the separate agents of the Fund will be cancelled due to the low activity level.
The Azerbaijan Mortgage Fund has been granting mortgage loans since March 2006.