The most active partner in the mortgage lending of the Azerbaijan Mortgage Fund (AMF) is AG Bank - from 2006 to October 1, 2014 it provided 1,270 operations, according to information on the Fund's website.
According to AMF, during this time mortgage loans were provided by 31 banks. The five leading financial institutions in this position, in addition to the mentioned one, include: Khalg Bank – 1,222 loans, Bank Standard – 1,181 loans, Demir Bank – 1,048 and Zamin Bank – 1,000.
The least active was Azer-Turk Bank – 28, Azprom Bank - 17, Rabita Bank - 15, Azerbaijan Credit Bank - 14 and YapiKredi Bank - 9 credits. --17D-
Economics
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In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
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