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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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.
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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.
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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.
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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.
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