The mortgage portfolio of Bank Standard after the cancellation of its license has been transferred to JSC Mugan Bank.
Thus Mugan Bank will serve 2,000 people who have taken a mortgage, and among the authorized credit organizations the bank has come to the first place in terms of the mortgage portfolio.
Bank Standard Mortgage Portfolio Partly Transferred to OJSC NBC Bank
Turan reports JSC NBC Bank has been transferred 311 customers on mortgage loans. Transferred to NBC Bank was a part of the mortgage portfolio of Bank Standard, which amounted to 10,623,158 AZN.
Transfer of a part of the mortgage portfolio was held by agreement between the Azerbaijan Mortgage Fund and NBC Bank signed on 3 October. -71D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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