Azerbaijani Mortgage Fund plans to set up branch network

As APA reports, from March 1 the fund allotted over 30 mortgage credits and some of them were taken out by regions.

In general AZN 26mn is planned to allocate to the fund by the state budget of 2006. per maximum credit amount is AZN 30,000 (70% of the apartment), credit period is 3-15 years, annual credit interest is up to 12%.

The credit interest for credit companies is 6%.

The credit companies are Azerbaijan International Bank, Capital Bank, Bank standard, Atabank, Azerdemiryolbank, Bank of Baku, Caucasus development Bank, Kochbank Azerbaijan, bank Respublika, Unibank, Bank NIKoil, Tekhnikabank, Turanbank and Khalgbank.