AMF has given mortgage loans for AZN 915 million


December 5, Fineko/abc.az. The agent banks of the Azerbaijan Mortgage Fund (AMF) gave 20,859 mortgage loans for 2006-17.

Mortgage loans for totally AZN 915.138 million have been given so far within the AMF mortgage financing.

At that, over the last week the agent banks of the Fund gave mortgage loans in the amount of AZN 7.497 million.

The AMF was established in December 2005 and started giving mortgage loans in March 2006. Issuance of social mortgage in Azerbaijan has begun since 2007. From 1 June 2009 the AMF resumed the process of giving mortgage loans on commercial terms. At that, mortgage loans on commercial terms are given due to finances raised by the AMF from the issue of its own bonds.



Keywords: Mortgage Fund AMF