Azerbaijan reveals value of mortgage loans issued over 7 months through state program

Fitch Ratings upgrades Azerbaijan Mortgage and Credit Guarantee Fund

Mortgage lending through state line decreased by 5.5%

Over Jan-Jun 2024, loans for 230.3 million manats were given in Azerbaijan through the Mortgage & Credit Guarantee Fund.

Average mortgage loan in 2024 amounted to 91,000 manats

The mortgage loans for totally 230.2 million manats were given at the expense of the Azerbaijan Mortgage & Credit Guarantee Fund.

Data unveiled on mortgage loans given in Nakhchivan so far

Azerbaijan Mortgage Fund gave loans for 3.11 billion manats

Volume of mortgage loans increased up to 4 billion manats

The volume of the mortgage loan portfolio of Azerbaijani banks increased by 7.3% in 5 months of 2024.

328 apartments put up for sale – monthly fee starts from 376 manats

The Azerbaijan Mortgage & Credit Guarantee Fund, as part of the rental mechanism with the right to subsequent sale, offers citizens 328 fully renovated apartments on Mukhammad Asadov Street in Saray settlement.

Data on mortgage loans within state line for Q1

The loans in the amount of 115 million manats were given through the Azerbaijan Mortgage & Credit Guarantee Fund for Jan-Mar 2024.

Mortgage to be terminated in these cases

Interests paid to investors by Mortgage & Credit Guarantee Fund

Mortgage & Credit Guarantee Fund to undergo inspections

The Accounts Chamber of Azerbaijan will conduct an audit in the Mortgage & Credit Guarantee Fund.

Volume of mortgage loans given within state line exceeds 3 bn manats

To date, the Azerbaijan Mortgage & Credit Guarantee Fund has given loans in the amount of 3.6 bn manats to 49,276 borrowers

One of competencies of Mortgage & Credit Guarantee Fund canceled

The current management of the Azerbaijan Mortgage & Credit Guarantee Fund has abolished one of the powers of the Board of Directors.

Number of mortgage loans given within state line exceeds 49,000

To date, the Azerbaijan Mortgage & Credit Guarantee Fund has given loans to 49,031 borrowers for 2.98 bn manats

E-Mortgage & Loan Guarantee system to be updated

The E-Mortgage & Credit Guarantee system, owned by the Azerbaijan Mortgage & Credit Guarantee Fund, will be updated.

More micro and small enterprises to be funded

The Azerbaijan Mortgage & Credit Guarantee Fund has completed work on mechanisms relating to provision of a portfolio and bonds in Azerbaijan.

Last year, 1,429 apartments registered with a rental mechanism with obligation of their sale

In 2023, 1,429 residential lease agreements with an obligation to sell were registered in Azerbaijan.

Nearly 6,000 mortgage loans given within state line in 2023

Limits allocated by AMCGF to banks for concessional lending activated

Starting from today, the new limits allocated by the Azerbaijan Mortgage & Credit Guarantee Fund for preferential lending to authorized banks have been activated,.

List of individuals that can take advantage of terms of preferential mortgage loans

The Azerbaijan Mortgage & Guarantee Loans Fund begins accepting applications for preferential mortgage loans from 11:00 on 23 February 2024.