Azerbaijani insurance companies will lower insurance rates on mortgage loans

Loans on the line of the Azerbaijan Mortgage Fund (AMF) under the Central Bank was granted in the amount of 52.7 million AZN in January-May 2014, which is 6.5 percent more than the volume of financing compared to the same period last year, the statistical report of the Azerbaijani Central Bank said.

On Dec. 3 the Azerbaijani Bank Technique and Yeni Hayat group of companies presented a mortgage program in which citizens will be able to buy property in a newly built Park Azure residential complex.

Uzbek Cabinet of Ministers approved regulations for issuing long-term mortgage loans to judges for house purchase at a discount and payment of monthly compensations to them for lease of housing premises.