Mortgage lending drops 20% in Azerbaijan

In January-June of this year the loans in the amount of AZN 108,300,000 were allocated through the state line in Azerbaijan.

Report informs citing the Central Bank of Azerbaijan that this is a drop of 20.4% over the same period of the last year.

Over the past year the volume of loans refinanced by the Mortgage and Loan and Guarantee Fund rose by 15.1% to AZN 156,100,000. The volume of assets raised through the issue of bonds has dropped by 57.9% to AZN 60,000,000.

In the reporting period the amount of assets allocated to the fund from the state budget has declined by 47.8% to AZN 60,000,000.