Posts to receive deposits in Azerbaijan

he mechanism of mortgage lending will be changed in Azerbaijan, it was considered in the Actions Plan for 2011-2015 on implementation of “State Program on poverty reduction and sustainable development in Azerbaijan during 2008-2015” affirmed by President Ilham Aliyev.

According to Plan, it’s planned to support the establishment of construction-deposit banks, improvement of mechanism of mortgage lending. Besides, Post deposit system, including e-payment system will be developed in Azerbaijan. Development of bank network on regions will be promoted, activity of non-banking organizations will be extended.


/APA/