Authorized banks of Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan, issued during the nine months of this year, loans of 46.2 million manat, which is 26.7 million or 36.6% less than in January-September 2011.
According to the Central Bank of Azerbaijan, the average lending rate first year increased by 0.12 percentage points, to 7.03%. The average credit period reached 278 months.
The average for the monthly payment increased by 6% to 319.6 manat, the same indicator for the amount of loans fell by 1.5% to 38.79 thousand manats.
AMF agents are 27 local banks. Mortgage loans are given to Azerbaijani citizens in up to 50,000 manat for up to 25 years at a rate not higher than 8%. Concession loans are up to 35,000 manat for up to 30 years at a rate of up to 4% per annum. - 15V -
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review