Baku, Azerbaijan, April 16
By Leyla Abdullayeva - Trend:
Azerbaijan Mortgage and Credit Guarantee Fund has prolonged a tender on creation of a "credit rating model" and an "early warning system".
Bids will be accepted until May 3. The tender procedure will be held on May 4.
Under the tender terms, both systems should be created within three months from the date of signing a deal with the tender winner.
The tender participation fee is 250 manats.
Azerbaijan Mortgage Fund merged with the Credit Guarantee Fund CJSC on Dec.25, 2017 and the Azerbaijan Mortgage and Credit Guarantee Fund CJSC was established.
The major objective of the Azerbaijan Mortgage and Credit Guarantee Fund CJSC is to create a mechanism of providing the population with living space through long-term mortgage lending, assist in attracting local and foreign financial resources for mortgage lending, as well as provide guarantees to entrepreneurs for manat loans taken from authorized banks, and grant subsidies for a part of the interest calculated on these loans.
($1 = 1.7 AZN on April 16).