The commercial bank AtaBank from early this year as an agent of the Azerbaijan Mortgage Fund (AMF) issued 106 mortgage loans.
As reported by the bank, the total amount of the loans granted, both ordinary and on concession, exceeded 4 260 830 manat. The average age of citizens who received an average of 40 000 manat loan was 25-35 years old, and the average price of apartments, taken an average of 25 years , was 65 000 manats.
It should be noted that AtaBank is a member of the AMF since 2006. AtaBank has issued more than 487 mortgage loans, of which approximately 398 account for regular and about 89 for other loans.
AtaBank has 22 branches. Of these, 12 are located in Baku and 12 in Ganja , Sumgait, Khachmaz , Yevlakh , Mingachevir , Shamkir , Goychay , Shirvan, Lankaran and Naftalan. -15D -
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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