Authorized banks of the Azerbaijan Mortgage Fund (AMF ) under the Central Bank of Azerbaijan issued within 8 months of this year, loans to 79.1 million manat, which is 36.5 million or 85.7 % more than in January - August 2012 .
According to the Central Bank of Azerbaijan, the average lending rate from the beginning of the year decreased by 1.26 percentage points, and in August rose by 0.62 % to 5.74 %. The average credit period reached a historic high of 288 months.
The average for the monthly payment in January -August fell by 6.1% to 297.9 manat, the same indicator for the amount of loans increased by 15 % to 44,411 manat.
AMF agents are 28 local banks. Mortgage loans are issued to citizens of Azerbaijan in the amount of up to 50,000 manat for up to 25 years at a rate no higher than 8%. Concession loans are granted at a rate of up to 50,000 manat for up to 30 years at a rate of 4% per annum. - 15V -
Economics
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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