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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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