On February 1, the average size of mortgage loans issued by JSC Khalg Bank amounted to 43.3 thousand manat. In general, the mortgage portfolio of the bank is 118 million 307 thousand manat, its official website says.
"Until now, the bank has issued 2,732 mortgage loans, most of which (52.5% or 1,433) fell on its own mortgage program. The remaining 1,299 were at the expense of the Azerbaijan Mortgage Fund.
As part of its own mortgage program, Khalg Bank provides loans for 25 years, the maximum amount is up to 500 thousand manat and the rate is from 10% per annum. Mortgage loans from the AMF are issued a maximum of 50 thousand manat.
JSC Khalg Bank received its banking license on December 30, 2004. Shareholders are three entities: LLC Euro Standard, Ltd. Ideal Business and Avant-garde. --17D-
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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