Today Khalq Bank issued the 2256th mortgage YTD under the program. So the amount of the mortgage loan portfolio of the bank has exceeded 82 million manat.
As reported by Turan from this financial structure, 1,186 loans of this type have been issued under the State program of the Azerbaijan Mortgage Fund (AMF), and 1,070 mortgages were on the bank’s own mortgage program.
Khalq Bank mortgages are granted for 25 years at a minimum rate of 10% per annum. Maximum loan amount is 500,000 manat, which can be received even by non-residents of Azerbaijan.
The private mortgage lending program of Khalq Bank was launched in May 2012. - 17D-
Economics
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Azerbaijani President Ilham Aliyev has signed a decree introducing amendments to the "Armed Forces of the Republic of Azerbaijan" law. The decree, issued on December 24, 2024, follows the implementation of changes under the law of November 7, 2024, and aims to ensure their practical application.
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Silk Way Alat Free Economic Zone (SW AFEZCO) has entered a transformative stage in its development, signing a pivotal agreement with FF Construction for the design and construction of the Silk Way Cargo Village in the Alat Free Economic Zone (AFEZ). This ambitious project includes the planning, engineering, and building of three cornerstone facilities that will underpin the Cargo Village: an air traffic control center, a business aviation terminal, and a fire station.
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BAKU, Dec 24 (Reuters) - Azerbaijan’s President Ilham Aliyev has issued a decree to boost the cargo handling capacity of the Baku International Sea Trade Port, allocating 20 million manats ($11.8 million) from the presidential reserve fund for the port's expansion project.
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A meeting was held between the State Service for Antimonopoly Control and Consumer Market Supervision and entrepreneurs in the fuel sector, highlighting both current challenges and promising steps toward progress. Discussions, organized under the Ministry of Economy, focused on fuel quality issues, consumer rights protection, and compliance with established standards in a country where vehicle fuel has long been a contentious issue.
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