Azerbaijan Mortgage Fund's assets in 2016 increased by 52 million 66 thousand manat, or 8.1%, to 693 million 125 thousand manat.
The Fund’s bank deposits are 39 million 171 thousand manat.
In 2016 the Fund gave mortgage loans totaling 537 million 273 thousand manat.
The Fund's liabilities decreased by 1.74%, or 6 million 99 thousand manat in the reported period, amounting to 343 million 881 thousand manat.
The securities issued in 2016 made up 337 million 557 thousand manat.
The Fund’s capital for the reported period increased by 19.98%, or 58 million 165 thousand manat and reached 349 million 244 thousand manat.
In 2016 AMF showed a profit of 8 million 220 thousand manat. -------------71D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review