Authorized banks of Azerbaijan Mortgage Fund (AMF) issued in 2012, mortgage loans for 74.77 million manat, 20.87 million or 21.8% less than it was in 2011.
According to the AMF, for the period the fund was refinanced funds totaling 91.15 million manat (previous year 77.77 million).
Total from March 2006 the fund issued mortgage loans of AZN 420.23 mln. Of these people, 41% were aged between 18-29 years, 31% - at the age of 30-35 years and the remaining 28% - at the age of 36 years or more.
Today, the state finances a social mortgage, for the needs of the state budget in which the last two years was allocated AZN 20 million. In 2013, the social mortgage will be sent twice as much money.
Commercial mortgage financed through the issuance of bonds AMF. For this purpose during 2009-2012 Mortgage Fund placed five issues for AZN 55 million, AZN 75 million, AZN 60 million, AZN 20 million and AZN 30 million each. In December last year there was state registration of the issue prospectus of interest-entry registered secured bonds fund worth 40 million manat. From the latest issue of the fund is placed for AZN 3 million.
Mortgage loans are Azerbaijani citizens up to 50 manat for up to 25 years at a rate no higher than 8%. Concession loans are up to 35 manat for up to 30 years at a rate of up to 4% per annum. - 15V -
Economics
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