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AMF assets closer to half a million mark
Azerbaijan Mortgage Fund (AMF) under the Central Bank raised a profit from 3,416,853 manat in 2012 to 4,015,624 manat last year.
This is one of the main points of the Fund's reporting for the last financial cycle. The AMF net interest income rose from 6,290,220 to 7,602,740 manat, and the operating income - from 6.11 million to 7.45 million manat.
As a result, the fund's assets amounted to 492.64 million manat, and the capital – to 191.16 million. Manats.
According to the Fund, in January-April this year, credit institutions authorized by AMF issued 40 million manat for mortgage loans - exactly as provided by the Ministry of Finance for social mortgage (up to 50,000 at 4% per annum). The size of mortgage for other categories of citizens is not limited; everyone may receive up to 50,000 manat provided 20-50% down payment (depending on the bank) and 8% per annum. - 17D-
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- Economics
- 30 July 2014 15:09
Economics
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