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
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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