The audit of information technology systems of the Azerbaijan Mortgage Fund (AMF) is entrusted to LLC Deloitte & Touche.
According to the Fund, the selection was carried out by polling proposals and the contract was signed on July 28.
AMF was founded in late 2005, and in March 2006 it began to issue mortgage loans. Loans under social mortgage were issued only in the first half of 2007.
Commercial mortgage loans are issued only in the manat and only to Azerbaijani citizens for a period of 3 to 25 years with a maximum of no more than 50,000 manat at a rate of not more than 8% per annum.
Social mortgage is financed from the state budget - the maximum size is 50,000 manat, at a fixed rate of 4% per annum.
Last year, the volume of mortgage loans from AMF was 97 million AZN (minus 14.1 million to 2013). --17D-
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